I understand that you have to honor a existing lease as a new buyer on a regular sale.

Depending on the rent I am asking and location of the property, I will put in Stainless or regular equipment.

Shaun: I broker HUD properties in Michigan regularly and this typically means the house needs new paint rather than a serious problem with lead paint.

If I owned 12 or 16 units (or more) and had a full time regular job, then I would sub out EVERYTHING.

I think its great what you are doing- I don't know if most have had the experience that I have- I'm open to mentoring someone but I will meet someone on the board and say hey my number is in my signature- Feel free to call me but just never hear from them and I go hmm okay maybe they weren't that serious.I think I've gotten an actual phone call from like 2 people on the board in my area and both of them I talk to pretty regularly not in a mentorship capacity but more to bounce ideas off each other.I think some newbies are afraid to reach out because they feel they will get rejected or someone won't want to spend the time to help them get started.

Once they rise, cap rates will have to rise and thus property values will drop.The reason we are looking more for cash flow is so we can get regular monthly income out of the property and effectively retire off the income if we want to.

The deals need to be assignable.REOs and Short Sales are out as you can't assign those contracts.What else do Realtors have access to on a regular basis that cash buyers would love to get their hands on?

If he had been more proactive and did semi regular calls / mailings, they would probably have given him some sales/referrals.

Unless they can prove they were paying rent to him on a regular basis at that amount I would pass.

If/when you get licensed, you will be reprogrammed with this as part of your continuing education requirements on a regular basis.I am going to purposely avoid answering.