1.Networking (your network is directly related to your networth!)

Yes Tony a TRUE Triple Net the landlord will not pay those costs.Lately net lease companies especially credit rated tenants have been more demanding in trying to get the landlord to cover some costs.It is very important to look at the length of the lease and terms and escalations.With inflation if the rent increases every 5 years is marginal and they want you to take care of certain items with the property it can drastically reduce your returns.It's all about what returns you are seeking versus the security and consistency of the payment.Generally triple net will hover around the 6 to 9 CAP range but will not approach the teens in most situations.For those kind of returns you have to usually chase after value add deals but they are much more work than mail box money from a credit tenant.Credit tenants have risk which is why you also research heavily the health of the tenant today you are acquiring the lease and their growth plans for the future along with reserves.

For the price of an annual membership you may be able to solve your lending related license and compliance problems.

Hey guys,Questions at the bottom, some background for why I am purchasing such a house at the beginning.I am currently trying to buy a homestead and in need of a relatively quick move.

As I am certain you know, there are many factors involved and I would have to believe that a market strategy would be relative to the particular place in the market where the home fits.

The profits have been small really but the homes have also been small ones, a relatively quick turn around and sale.I have 4 rentals as well and I am moving away from that to fix and flip.Send me a personal message if you wish to talk.

I've been told that once an MLS short sale has been approved, you can make an offer slightly lower (maybe a few thousand) than the approved price and it will still go through relatively quickly (as opposed to an unapproved SS).Has anyone on here actually done this?

What have you done in the past or plan to do in relation to this?

My opinion, just about every property "can" be a good deal... you just have to accept that "good" is entirely relative to the property.Because of location it may take longer to rent, attract a lower quality tenant, have a more transient population, demand lower rent... etc.As long as you've taken all those things into account and STILL have a good price, why wouldn't you buy it?

I have watched my market for along time and this is actually a relatively "good deal", believe it or not.