Another is to compare that building's rent to market rents to see where you stand.

One thing that is different about the foreclosure process in Maryland compared to other states is that prior to the sale date, the lender does not have to notify the borrower that a foreclosure action has been filed against the borrower.

Wholesaling is not a bad way to start out, especially compared to flipping.

Also, you cannot compare an earth home to a standard frame house even if they are the same size.

In my last paragraph above I am just comparing the 2 investments and their ROIs, assuming no other investment is available or considered.I think my post was a bit confusing, admittedly.

If you are comparing the stability of the investment- vs a shopping center or some other kind of income property, the GRM is a number that many people can get their arms around in the risk assessment part of assessing the deal.

Dept of Consumer Affairs that security deposit for unfurnished rentals cannot be more than two months rent; that should be a reliable source!!

i can see you posting something like this every month unless you take control now..it's your property, your cashflow, and your bank account..for now on, when the tenant complains, you choose the contractor who goes out there and you decide what they do...the tenant doesn't get to decide to have more work done at your expense..in the meantime, i'd work on finding a reliable handyman, and some licensed subs for the more complex issues...good luck

Comparable rent is $900/month/unit and the building was bid out at $350K with me being the GC.

I ran some comparables and I think conservatively I might be able to sell it at $170k without any repairs, and $180-$190+ with some bathroom remodels and minor cosmetic repairs.