@Everett Marshall,To Make the @ work do the following:Hold down the shift key and type the following: @?

.- Last but not the least: my 2nd fourplex: Fully occupied during appraisal but completely vacant when I got the keys!!!

Not being able to finance the project is another issue altogether..  

But the 4/2 is in really bad shape, 1 bath needs gutted( mold on the bathroom ceiling,tile missing in the shower) and key lock door knobs on every door.  

We put an offer in shortly before this house was set to be foreclosed on, and the obviously-motivated buyer was eager to take up our offer and get out before the house could be sold at auction.Timing: we got her a cash for keys, and got her out of the house within a month.

Keywords to improve reach: wholesale, wholesaling, newbie, SD, southern California, so cal, landlord, turn-key, out-of-state, cash buyers, hard money, private money, private lending, multi-family, direct mail marketing, door knocking, probate, evictions, tenants.  

It does not need to be a masterpiece of literature, but it should cover the key points of your strategy.

Just closed today, May 10th on a SFR in Austin that cash flows $800 per month.Went back to the title company to get the keys and checks, got keys and security deposit check.I said the prorated rent check is missing and they said it's probably because the tenant didn't pay rent and the buying/selling agent should figure it out.

I have been in housing industry for 40 years and the key is to find something that is below market and needs fixing.

The key is trust your gut, and WRITE everything down and sign it.