I planned to assign this property initially for $115,000, but had a major reality check after talking with a lot of local buyers and was lucky to find one who paid higher than my offer price.

Check out companies like Prypco for those opportunities.Finding a mentor is also a smart move!

Here are some resources for you to check out....Michael and Elizabeth Chang...one of the best rental arbitrage hosts out there.

When hundreds of thousands of agents are licensed in a market, but inventory levels are at all-time lows, individuals hoping for the quick commission check aren't going to do too well.

I'm sure there are but bidding on properties is fairly easy and if it is like Los Angeles County, you need cashier checks to buy.

Check out some of the photos and let me know what you think!

My income is really solid, but I don’t know if I a traditional lender will do the work to see it or be confined by Fannie Freddie UW standards

I’m still considering Jake’s program, but will check locally first.  

See if there is a crisis center you can call in your city that can have the police come check them out, many times they will bring them to the hospital and then they will be committed.

I'm taking all of the expense percentages like 10% capex, 10% pm, 5% repairs and maintenance, 10% vacancy, $100 ish for home insurance based on my area, 0.7% for PMI based on my credit score, and then standard amounts for utilities, lawncare, and WiFi.