You are young and beautiful and you have set admirable goals for yourself.

I see that investors on this site often find themselves 80-90k 4 units buildings worth well over 140k making them absoultly beautiful deals to be involved in.

To reduce risk and improve exit strategies, I pay attention to the paper my seller's carry and strive for favorable assumability without DOS clauses.  

We moved to Seattle about a year ago and are still getting to know the area, but one thing we noticed was the beautiful older homes that need a little (or a lot) of love in our exploration.

It's a beautiful place!

But I digress.In the situation where there is not much equity and they are selling it for close to top dollar, if you are looking to make something happen then you must strive for the best terms and the least out of pocket for entry.A full retail house with no payments for the first 2 years then reasonable payments at principal only could be just as lucrative as a 35% discount.If they don't need any of the money now how about using the money and buying them a zero coupon bond at the principal amount of the money they're asking?  

Working with buyers, we strive to work mostly with class A buyers who are ready, willing and able to purchase "today".

I have yet to actually invest into real estate yet, my move to Florida is only a month old and I'd like to be a little more settled in before I start tackling some investment properties.I have yet to decide whether to first take on some rental properties or a flip, since foreclosures seem to be common around here; I plan to further educate myself on both and learn these areas much better, hopefully by attending a real estate investor's club meetings.I'm not aware of the trends, the good, the bad, or anything down here, but I feel that there is plenty of potential in rental properties in such a beautiful, tropical, and popular spot such as South Florida.Well, there is my brief introduction, I have tons of scouting to do in this forum and books to purchase before really making anymore posts, but I'd  like to thank everyone ahead of time for all of the information and help  that you put out there!

Tenant pays all utilities, water and sewer, and is responsible for snow and lawn maintenance.So, anticipated annualized numbers:$9063 income ($795 monthly rent, 12 months, 5% vacancy)$1200 maintenance / capex$3,300 interest / insurance / taxes$4,563 profit to put in my pocket and /or pay down debtI expect to replace the water heater and replace the chimney with a B vent in the not too distant future, and there are some beautiful huge trees on the property that are healthy now but will be expensive to take down when they do die.  

It's a single man's paradise just with all the beautiful college girls walking around south st by cherry and Kellogg.