please please please do not invest in cosmetics until you build your war chest. i own multiple fouplexes and need at least 15k reserves for apartment turns or other repairs ac heating plumbing repairs. if you haven't closed ask for credits in consideration other 2 units are not renovated.Good luck Cortes family 

“Even if you are on the right track, you’ll get run over if you just sit there.”  

My version of cash for keys is, "If you are out by xx day and the unit is left clean, I will drop the eviction suit and will not sue you in small claims court or report you to the credit agencies."

I have been using Rentprep for credit and background checks but am considering using Cozy or TenantCloud as it seems more and more applicants prefer to apply online for convenience.

In this time, I can make repairs to the property and build the equity and use this to buy a 2nd property with a credit line.

@Brock Mogensen @Nicholas Mullens  I buy at Sheriff Sale, have been for years, but you will need cash or a Line of Credit as the properties are generally not legally accessible. and often you cannot view the interior.

I'm a former CPA, so I track every line item in exhaustive detail and had a couple of good lessons learned. 

After that, I would like simple sell the property for a profit since everything should have been fixed up and the P/L stmts are ready as tracking records. 

.- my plan is not to buy only cash going forward. working plan is in a year or two is have a credit score, get a mortgage etc' so from that point on i will not be putting 100% cash.- cash flow from the rent is my not my only income source. assume that no matter what i will be able to put money to buy a new rental at least every 2 years, taking the 12k+extra amount (whatever that my be)+loan (whatever down payment i decide to put)- regarding flipping - i don't mind the work involved in this process but as i am not living in the us, i find it hard to do flipping. at least not when starting out.  

I have been looking around for Maine banks or credit unions that will do a line of credit but have hit some road blocks.