Basically in the process of helping out a local college regarding their future expansion I was told some now public information regarding multiple homes the college needs to give away or demolish.

So basically if they sell, they either have to short sale, or bring money to the table.

Keep a level head.. and do realize that like most things that have really big money potential it takes a lot of work a lot of drive and some capital..

A classic was when the sellers were still packing several hours after closing and I was there with my buyer waiting and they had the nerve to ask if we minded if they took showers before driving off. 

Big complexes/companies won't tell you anything over the phone so I usually just drive to the complex with a form and the signed authorization to get rental information and the PM will just fill it out for me. 

I basically write up the repairs and send it to a couple different GC’s who are always good with my scopes in my area. 

I defined the market as whatever I can drive to within an hour.

I looked at a couple of houses in Honolulu that were basically tear downs and if I remember correctly, they were in the $1 million range.

This is basically what you need.

I basically figured I could reduce my dad's rent (he pays 45% less) and pay the overwhelming majority of the costs by renting out the other unit.