If prospects were entered in a data base and assigned to an investor in the designated area that would start things rolling.If I knew that Tom and Sally were moving to Dallas in September I could enter what they were looking for in that area. 4/2-3 rental at 1,500 or a sale at around 130,000, whatever.I could prequalify Tom and Sally.

After 6 years of college, I'm very anxious to enter the "real" world and found BP to be an indispensable resource.While currently under a lot of pressure to find my first official job, I'm planning on moving to South/Central Florida as soon as possible to pursue an entrepreneurial career in real estate and investing.

We just entered into contract for a duplex rental property with existing tenants, want to ensure we get everything needed from the current owners that we may want/need, Thinking of things like the rental history, the tenants leases, the background check info on them, the documentation on any of the property fixtures (fridge, range, dishwasher, washer.dryer, etc) etc etcAlso, for any security deposit from the tenants that the owners have, best to have them return that to tenants and we get it from them?

Normally it wouldn't be in their best interest to enter some deal with you, as opposed to completing a short sale.

Since most deals flip in 90 days or so, my actual return on any specific deal is roughly 1.17% (for 3 months use of my money), along with origination points.From my flipper's perspective, it's in his best interest to properly compute the value of a deal before entering into it.  

Have your dad enter into a purchase agreement with your that exclusively allows you to purchase the house for $60K for the next 90 days.  

To get an estimated value of the house, I would go on Zillow.com or Realtor.com and enter the attributes of that property into the search (square footage, # of bedrooms/bathrooms, etc) and look at what other similar properties in the area are selling for.I'd also look at recently sold properties (can do it directly from Realtor.com's home page) with similar attributes in that area.

The property needs extensive work and has some minor mold (discoloration waiver required to enter).

When I entered college and I began to take my business courses, I realized exactly what my father was doing.

Enter the cap rate.The Cap Rate is a formula which lets us know the relationship between value and the amount of income a property delivers.