Ex:Bedroom:Remove carpet, tack strips, and fasteners, and dispose.Remove padding and any glue residue and dispose.Remove existing doors, hinges, strikes and locksets. locksets and hinges to be reused, dispose of doors.Remove existing light fixtures, outlets and switches and dispose.Patch all wall/ceiling dings, dents and imperfections.Sand patches, prime one coat and paint two coats on all walls.Sand patches, prime one coat and paint two coats on ceilings.Prep, prime and 2 coats paint all window jambs, sills and trim.Prep, prime and 2 coats paint all door jambs, and trim.Prep, prime and 2 coats paint base moulding.Furnish, paint and install interior, H.C. doors at closet and bed to hallway.

It's always a good bet to play it safe.Do any of these programs have demos you can give a test?

Best bet is to just keep eye on market and wait for the property to show up on the market with the agent who gets assigned the listing for the bank.

I think that Property #1 is the best bet overall...just no garage.

Best bet off the top of my head, link with one of our many Real Estate Investors Associations... that's always your family out of state, think of the members as your cousins out of state.Claudette

Put it out there, see the feedback, if your only getting shady characters interested, then there you go.But, with a little bit of word of mouth from here, I bet you will get quite a few legit interested parties, willing to trade time and sweat for knowledge.  

You can bet the tenants will say they gave a security deposit or last months rent or both.

I am born and raised down here and now have been living in my primary residence for a year and half now and just getting into the mindset of generating passive income and cash flow, myself.Multi-family definitely seems to be a theme of what I read as to what is the best bet, but of course, above all, it has to be a deal in the first place.

I would bet that more often than not, you also have more flexibility as well.Also, while I don't have experience finding a mentor (mine is my Dad), a good mentor is INVALUABLE.

If it is raised foundation, I bet a few of those piers need to be replaced.