These tanks can contain anything from waste oil to gasoline, for example if there was a gas station there in the 1950's, those tanks could possible have never been removed and can easily cost 10's of thousands to be remediated.

We have $150k cash - but not what we need and I'm not sure I want to spend all our cash.So, trying to evaluate all our options, here is what I think our options are:1) Look into a hard money lender that would be willing to have a lien on the property for the owner's contract.

Know what the trends are (inventory levels, active listings, pendings, solds, etc.) and learn how to evaluate rehab costs.

I've evaluated two deals in the last month that I almost pulled the trigger on, but after a few counters, the numbers weren't reasonable anymore.

I've evaluated two deals in the last month that I almost pulled the trigger on, but after a few counters, the numbers weren't reasonable anymore.

Some of the large condo buildings with fancy pools and luxuries have HOA's easily into the $800-1,000 + a month.

In another market like Atlanta a couple making a combined $70k can easily support your rent and rental increases each year.

The home is in great condition and is worth $500k easily, state of Alabama.

do they rent easily in the area?

Yes, they want to see a good credit score and your tax returns but the property is what they are really evaluating along with the real estate investment experience of the borrower.