water and food shortages, public transport etc etc etc....have some compassion and make some temporary concessions on being a strong businessman and landlord.I would basically give them a one time "get out of jail free" card for late payment.... make it perfectly 1000% clear that this is a one time deal due to extreme circumstances...don't try and push it or there will be an eviction started.If they have been a good tenant and have had the respect to give you the "heads up" that they were going to have an issue paying on time, that counts for something with me....I know this is business and when you give an inch, tenants will often continue to push the envelope and take a mile...if they see you are "soft" they will exploit it.....but this is an extraordinary situation that just doesn't fit the rules.......

If you uncover that answer, it may shed some light on the investment (maybe it's good info and it satisfies my skeptical approach)I have found the biggest three seller motivations (with landlords) are:1) Tenants are subpar and current owner is tired of managing (in this, you're inheriting headaches, eviction, and much higher repair costs than you expect). 2)  An estate took over and just wants to get it gone (in which case there is probably a back balance owed that needs to be flushed out along with a general lack of property knowledge). 3)  My personal favorite: the Owner bought via tax sale deed (and therefore does not want to be a landlord, just wants his investment + reasonable return).If everything checks out, it sounds like a great deal bud.  

First, I would identify the average price points of the majority of recent sales in your area that you want to work in.  

Hello,I was wondering if I could get some advice on this 4 plex. http://m.mrishomes.com/mobile/homes-for-sale/317-w-sunset-ave-greensboro-md-21639-200990078Seems like good cash flow and it has been recently renovated.

Real estate kind of went by the way side as I was working different jobs and building my electrical business.Last year I was working at a home that was in rough shape when the neighbor told me it was for sale.

I would like to draw on my background which includes a bachelor's degree in Mechanical Engineering, control system design, sales and proposal writing.

Tyler, I don't have anything for sale at the moment or have any properties to broker.

There's no perfect answer, because it will vary widely by location and the actual property. 16%-18% pre-tax profit (of sales price) is a pretty good rule of thumb.

Sale Price: $105,000Closing Costs and Agents: 7% , $7,350Loan Payoff: $77,125Remaining from Sale: $19,058The deal has cash flowed $1,400 in those 12 months.

In most P&S contracts, with the sale of an occupied rental, deposits held by the previous landlord is settled with you at the closing, and it's your responsibility to pay the deposit back to the tenant.