Learning where I'm wrong will ensure I find success when I get started. 1.Purchasing Plan + Time Frame (10 year plan)a.Year Onei.Purchase Quadplex1.Owner-Occupiedii.Roughly 20191.Greatly depends on Savings Plan successb.Year Two - Fivei.Purchase Quadplex1.Refinance Year One Purchasea.Cash Out to buy Year Two Quadplexii.Rinse, Repeat Strategy of Refinancing1.By Year Five own 5 Quadplexes (20 units)c.Year Six - Teni.Purchase 2 Quadplexes per Year1.Refinance Strategy2.Earned Income from Workinga.Only if necessary to stay on paceii.Results in 15 Quadplexes1.60 unitsa.Rent Each at $750i.Gross - 45,000/monthii.Gross - 540,000/yearEven if I pare down to 1 property a year through Years 6-10 that would result in 40 units40x750x12 = 360,000/yr Gross Income.

I asked my realtor why the low price and the previous owner owes $119k and is trying to leave the area.

I am not (currently) interested in flipping, wholesaling, or investing out of state.At this point I'm primarily interested in owner-occupied multi-family properties in the Arlington/Belmont area, as well as potential investment opportunities in East Boston/Chelsea.Please don't hesitate to reach out or introduce yourself if we share some common interests!

It is close to where I work (I'm going to owner occupy), has housing prices in my range and is in my opinion, a nicer part of town with a great school district.

At closing the previous owner transferred the security deposit and last months rent as stated in the contracts. 

Take photos of the issues.then you find the owners on the county assessor site, and send them a personal letter and pic of the property saying you drove past and noticed this house, that you were not sure if anyone was living there but you were interested in buying the property. while you are sending out these letters you should try and find any of the following:private money, hard money, flipping partners, landlords, cash buyers, etcyou can find these people on BP, or go to a title company and ask who has been buying in that area for cash over the last couple years, you could ask your family members, etc.Now when you get calls back from the homes you drove by, you already have the exit strategies. anyway, that was a condensed version of driving for dollars so if you have any questions about that, feel free to reach out to me or anyone else here on BPAdam Adams

Another question is just from personal experience from those who have bought tax deeds how often do the original owners exercise the right of redemption.

Just refer him to a HUD counselor for free and move on.These rent backs from the former owner the Feds have been going after investors and prosecuting for stuff like that.

Watched Marcus Lemonis on the profit and it seem you can invest in food trucks for  a cheap price and put the owner and some workers in there and take a cut of the profit as an investor.The traditional restaurants you have to drive very high sales per sq ft.

Then look in the county assessors website to find the owners. it should give their name and mailing address.