@Paul ColeYou would have to really ahead of the trend.... maybe some lower end areas of fishtown might be worth checking out.

Give them a $25 gift card to a local nursery so they can plant some flowers (or cactus as they case may be).When I inherited tenants last year, the landlord had raised their rent right when they put the place up for sale - to make the numbers look better.

Use the 70% formula to determine what you should be paying for a property.MPP=(70%*ARV)-repairs.70*70k-20k repairs=29K MPP (Maximum Purchase Price)ARV= After Repair ValueThere are tons of articles on here that cover rehabbing and flipping.I strongly recommend J Scott's book The Book on Flipping Houses.Wish you the Best

It also made analyzing deals easier because I knew my financing costs ahead of time.As to finding the deal first - I noticed when I went to local REIA groups that there were tons of people pursuing that strategy, while the few people with money got to cherry pick.

I wasn't a huge fan of the efficiency either, but I went ahead since there were 2 other units with multiple bedrooms.

I am trying to set this up myself.Thanks ahead of time... 

Just found out that he will not be renewing his lease, so I figured now is the time to explore ways to generate income.Here is what I know at this point:Hardiness Zone 8bStream running through propertyI believe Ga forestry planted pine trees on it a couple years agoI have never been there, but will be taking a trip this month to look at it. thinking about planting some short term plants(3-5 years) to sell to nurseries, plop a mobile home on it, and hire someone to host game hunting(quail, turkey) over weekends.

Really just trying to gain as much experience or knowledge ahead of time.

When using websites like Trulia/Zillow, is it ok to contact the realtor and make an offer using the following formula (Asking Price x 70% - Closing Fee - 6% Agent Fee)?

I want to use my time, sweat and capital to invest in making neighbourhoods safer, desirable and affordable without getting too far ahead of myself or inclinations as a property investor/ rehabber.I hope that is not too much to say in my intro...