Less potential buyers / renters (it takes a special kind of investor to buy in ghettos)So.. if everything goes right, it's a great low priced note for you to practice on and potentially make $$$.

Don't go over your max bid that you predetermined and practice patience.

Detailed monthly cash flow statements in spreadsheet form populated with actual dollar amounts (certainly ok to redact address, etc)Annual Property Operating Data in spreadsheet form populated with actual dollar amounts (again, certainly ok to redact address, etc)Unlike normal rental properties where the rent is consistent throughout the year, these rents swing wildly from peak season to off season, so I want to make sure I am modeling the cash flows correctly.Sincerely,- Rick

I'm impressed with the tax answers he gives here on BP and he's set up his tax practice to help folks all across the globe.

I could not get that much in my area due to this not being an acceptable business practice. 

Tell her she has gotten to live in the place for practically nothing for a month and rather than go through an eviction it would be easier for both of you if she just left.

Could be perfect for you being an active duty diver; help sharply reduce your living costs and start giving you practical experience with landlording.

I have been reading the two books @J Scott did with BP and they are fantastic and very practical.

@Darish D.That is where insurance and attorneys comes in along with some best practices to reduce risk.  

A lot of them are getting to a point where you get the look and to some degree feel of the simulated material with the practicality of the actual material.I think SS appliances and granite counters will maintain some level of popularity long-term, because they last fairly well.