It would probably be easier to just rent a place after you sell yours if you don't have something line up to purchase in time.

They are cheaper and easier, so I started looking, of course all these sites ask you to pay hundreds of dollars to get PML lists and I don't want to do that.

Teaming with folks that have done it before in your area will certainly be easier than trying to learn it all on your own.

If outlets, wiring or the circuit panel were under water, they may need to be replaced, even if they appear to be in decent condition.

You might do a cooperative assignment, lease w option and sell the contract for a fee.There are easier sweeter deals all day long, for cash or for terms.Best of Luck,Brian Gibbons

In todays market renters are easier and easier to find in the post sub prime melt down where more and more home owners are now again becoming renters.

Anyway, in getting the family involved or aware, make sure you don't make it appear that you need the family's approval for the deal, that will insult the owner as not being in charge of his own affairs.Best approach is to ask about family, what the kids do now, just be friendly and ask what they think of him selling the place.

But I'd be grateful for advice from someone with more experience.Here's an example property:4-plex, 2bd/1ba unitsAsking Price: $170kRental rate at leasing office (other identical units) is currently ~$575/mo.Realtor summary shows estimated gross income at $28k/yr, estimated NOI is about $18k/yrBoth property and the community look to be well maintained, HOA appears healthy.Some readily apparent risks:*With 25 other identical buildings, it may be competitive to find tenants.

I make my life much easier with my real estate investing.

Fixing while vacant is much easier.