That assume you use hard money to fund the deal and you hold it for six months.

WOW....cannot wait to see that in writing somewhere.I am assuming that a 120 day late, that is cured, will be treated as a short sale, if not better?

Assuming that you can buy any of them for less than $5 on ebay I guess they're OK.

(Yeah, pretty freaking walking in and seeing a toilet sitting in the middle of the dinning room floor, but I assumed it was because they were handicapped) Finally after ripping out the kitchen cabinets, I found the leak in the 6" cast iron pipe.

Only you can decide what level of risk you are comfortable with.Oh, and about FSBO's...again, assuming you are a newbie, do you really want a cheapskate newbie SELLER advising you?

I don't feel that the type of user really matters...assuming that the property is already discounted for an investor due to condition.

Assuming your 50% rule, the NOI is half the gross income.

I am assuming that is when you take over, or "lease Purchase or Option" a multi unit building, and then you can lease the units yourself as if you were the true owner?

Assuming I buy it for $38,000, 33,000 would be left to be financed; for 30 years at 6.3% that is $210 a month.Last year's taxes were $701.

I have found a few properties that the owner will allow an me to assume the mortgage, I will give a down payment, and they will owner finance the remaining balance.