I have someone who wants only 41k for this property with about 21k worth of repairs. 

There are parts of every major city that will just never come up and this seems to be one of the most obvious in Philly.

This is very hard to maneuver, and even harder to make work despite tenants agreeing.

Hi, I've been doing this for about 4 years and I have scaled to 9 doors across Memphis and Detroit.

Ideally, I think many new agents want to go full time but would like to build a pipeline and get systems in place before leaving the 9-5.

In this case, the vendor was a home inspector.

I'm interested in learning all I can about this kind of stuff and wanting to dive in and have rental pay my monthly mortgage!!!

Seems a lot can go wrong with this and I wanted to speak with existing investors and see what has gone wrong with this in the past and how have then fixed it.

@Jesse Dominguez-Castelan You should also explore one of the quickest options to this situation - reach out to the seller financing provider and see if he'll extend the balloon a few more years.I did this in the past when my 5 year balloon was about up, it was a simple email checking if he was happy with the arrangement and would extend an additional 3 years. 

Excellent guide!