Here's a reality check though: you have to let go of the notion that you can buy an apartment building with a double digit cap rate.

What’s up BPI could really use some help with my first potential REIMy grandfather is prepping to sell his house that he claims has a market value of about 75k (according to his realities) but is willing to sell it to me for around 55k.

You can interview other agents.However, in reality, there are a good percentage of agents that either 1) Will not know how to analyze investment 2) As you said, are not savy with off market 3) Are not familiar with real estate investing in general.Not to say they are not great agents in finding a home for the general population.

You may be able to communicate the realities of relocation assistance and confirm that is their best option. 

If they didn't have the money to sink on that, they never would have been able to get into it in the first place.Some of the city requirements have specific periods of time attached to them such as public notice and hearings.

this idea of a dream team helping you is @James Wise can talk about.. just not reality.. there is not enough money for an agent selling you a 50k fixer to also run your dream team for you.so its not the state its remote rehab that is the HUGE risk.. it can work.. people do it.. we do it but we are highly experienced and even at that we get screwed by contractors.. and if anyone says they never have then they either are very lucky have not done many deals or lying.. 

In reality I would be cash flowing $600+ since I would be managing it and I wouldn't have to worry about my own vacancy.Is there something I am missing here? 

My reading of the bill, as well as the law it amends, is that lenders will go for 0% down once the VA puts out guidance that effectively enacts the law (in theory it's in effect now, in reality no lender will go for it until the VA confirms & describes any implementation steps necessary).

It's nicely done and is being used for office and play room.The single bathroom is between master and kids room, with an extra sink inside master.Yard looks pretty ok size...

That's exactly why it is a powerful strategy and if you're willing to live with that reality for a while, it can help pay down your mortgage and build equity at an accelerated pace.