I bet that your buyer on that one figured the ARV to be more like $130K and the repairs at closer to $10K (Assuming that your assessment of what needed to be done is close) and that gives you a MAO of just over $80K.It seems super unlikely you are presenting any deals that have $60K profit in them.

I bet we have a guru type business behind this, just guessing, teaching someone an approach to "help" people facing foreclosure.

I think the combo of having a good respectful tenant and a manager is your best bet.

I have an opportunity to get a mortgage for the first time ever (due to a confluence of positive circumstances such as mortgage rates, my DtoI ratio, my wife working, etc) and am inclined to get two or three, thinking that a good SFD is almost always going to be a good bet if it flows and doesn't need a new HVAC or roof for some time, and even if housing prices drop due to major economic fundamentals going awry such as a stock market bubble burst or our debt problems coming home to roost, or the middle class going the way of the dodo bird ...

http://www.bloomberg.com/infographics/2013-12-20/blackstones-big-bet-on-rental-homes.html

I believe insurance is your bets bet against liability, next to good management.

I'm looking for ways to get involved and a lease option seems like my best bet right now.

I bet they'll negotiate.

For a safe bet, some even figure in a reserve amount as well each month for future repairs.The management fee doesn't cover any of the property expenses.

In this day and age of information I would bet there is a map that shows mailing addresses but I haven’t had any luck finding it yet.