I know that for many there's a burning need for financial freedom, to retire early or to become a successful REI but, portfolio's typically arent built quickly, they take time, focus, and dedication.

If you're particularly excited about the property and the local market, and you have cash to burn to float the property while it gets stabilized and rehabbed... consider passing on this deal.

I'm looking for ideas where both of us can benefit from this situation.I know there are many people here on BP that have been burned by tenants and will say to give her and her 4 kids the boot at Christmas and since this is my first rental property, I'm sure I will be burned at some point as well.

Anyways I think I was a total out of pocket for those 2 houses at 36 sq ft + 28 sq ft so we are at 64 sq ft total - of roughly $9.37/sq ft installed.House 6 I was kind of burned out and we needed to shop more stuff to traditional 3rd parties with invoices etc and ended up hiring that same Bosnian neighbor for a Quartzite type counter, turnkey for a total of $1600. 

What do you think happens when there is a fire and a property burns down? 

Offer a fat "finder fee" and they will bring the deals to you before looking anywhere else because they can earn a commission without having to do any work.I bought two investment properties in the past 18 months that were off-market.

Also other agents will start to try and burn you at every corner (which hurts your clients because essentially they get burned too)Good Luck!

@Latrise Hortonundefined I can help you in Chicago proper on south side but we do NOT venture into the burns at this time.  

Bank isn't down to let you burn their money.

Many investors got burned by trying to do this back in 2007.