That is why listing broker want to push a know commodity offer whether that is a direct company or a broker on the other end they know vets their buyers and will perform and are not flakes.  

I help my clients with things like that.If you have a few hundred K only and want to buy a small value add type property directly for 500k etc. instead of investing with a sponsor then you likely will need to buy books and programs to learn on your own.

I've heard of sub-to buyers just sending the payment to the bank directly. 

You'll be dealing with swings in both directions that are much higher than $70 over your entire investment career.

Can you transfer your 401k into a self-directed IRA or solo401k? 

Direct Mail is popular but it can take 3-5 months before you start getting any good number of deals.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Now, all of my tenants have to deposit it direct into my Wells Fargo Account.

I agree its not the best cashflow, but I wouldn't call it a terrible return.I also didn't mention the property is directly next door to my in-laws and nephews. 

Taking $1,100 off the income I would be paying approx $700 in housing expenses which I think is a good number living in DFW.View report*This link comes directly from our calculators, based on information input by the member who posted.