As I look at my activity on the private money funding side.. other than well established turn key companies that I help on the inventory side... my go to teams that are very profitable have one thing in common.. they are Real Estate brokers and agents ...

If there is no major damage other than flea infestation, just some clean up and freshening the place up, you are coming out ahead.

Hope to meet some of you and establish a great collaboration.

We just did the research on these new HUD guidelines the other day and here's a snippet of the larger article:What HUD’s new Guidance means for housing providers:Arrests records are not a valid reason to deny a rental applicant housing.Convicted criminals may be denied housing if the reason for their convictions clearly demonstrates that the safety of your residents and/or property are at risk.Blanket terms in your screening criteria that say “Any criminal convictions will be denied” are now considered discriminatory and in violation of the Fair Housing Act.The new Guidance does not make criminals a protected class, but rather establishes requirements to clearly prove why you are denying an applicant based on a criminal conviction.Remember that a housing provider violates the Fair Housing Act when the provider’s policy or practice has an unjustified discriminatory effect, even when the provider had no intent to discriminate.source and full article

Never have dealt with people this freshly arrived, with no local ties(Typically there is an established relative where I can check their bushiness affairs).My largest concern is criminal checks.

Clean up the rocks from the grass area also.

I would still keep minimum standards of 600 credit score, no evictions, good references, and clean background check.Any advice, tips, stories from experiences you've had are welcome!!

Thanks @Steve Portock and Ida G..I'm not sure how towing works as I have never established that relationship with a towing company.Couldn't she just run out there as the guy is setting up the tow?  

. $5,000 - inside + outsideWindows (10 windows): $10,000Light fixtures: $1,0002 baths (small baths): 6,000doors: 1 main door, 2 exterior doors and 5 interior doors: $2,000Driveway reseal, roof cleaning and elastomeric coating (flat concrete tile): $3,000garden and sprinklers (they appear to be OK but need minor tuneup): $3,000 - 8500 sq lot. mainly re-sod and some shrubs.a/c: $2,500Appliances: $3,000permits and inspections: $1,000we are looking for at 75 ARV hard money: $270KCarrying cost for 6 months: 13,500 at 10% interestUtilities for 6 months $1500.TOTAL COST: $294,400The sale:Expected sale price: $360,000 (on the lower end)Closing cost + commission: (5%) -  i am the listing agent: $18000PROFIT: $46,100Inputs welcomed.Hard money lender welcomed.I have been a Broker for over 14 years, live in the neighborhood, know the market.

Yes most landlords give up the likelihood of collecting in the near future is bleak.Recently we have started turning out over to collection group who just harass them and eventually get something out on their credit and if one day they ever clean up their act to buy a house we may get paid.