Once we are able to move out, we are looking at hopefully at least another $1,050/month for the side we currently occupy, making this about a 1.25% (gross rents/purchase price) deal (not bad for our market).

At least now I know that it is doable without some voodoo.Thanks again guys.

If I end up with a bad investment, I'm more disposed to fix it, rather than unload it.About your second point, though, I'm intending to remain in this house and fully rent my next purchase.

One could credit the remaining folks for the deposit on file and return just the leaving tenant pro rata, but then you need a small check from the remaining tenants anyway to get the full deposit, and you never know how they have allocated or paid the deposit (or even if they are on good terms), and you rely on the kindness of strangers to return it to the leaving guy (so he does not ask you for it later).Either way, make sure it is crystal clear and communicated (I communicate it multiple times) to ensure a smooth transition and prevent problems; that may be key, get the fuzziness out and make sure no feathers are ruffled.

There is good and bad with this strategy but maybe something to consider if you want more control but sanity as well.  

look up Bill McCaffery or Dave Van Horn here or on Facebook or Linked in they are Philly area note guys.

Hey guys!

I am glad i found this page to connect to and learn from you guys.

Good Afternoon Investor/Wholeselers,Just had a few questions for your guys, I send anywhere between 5,000-8,000 postcards a month.I dont know exactly the response rate, but I do get tons of calls from my campaigns, but deals have drastically slowed down since a year ago.

Do you guys have any personal or business connections that can help you do your first deal?