According to that ad, which of course may not be reliable, the house rents for 850 and is in move-in condition.850 - 365.54 - 149.42 = 335.04/month profit (minus whatever other expenses I may be missing here.)If you go back and change that mortgage to a 30yr, at 7%, your monthly payment drops to 254.48, so your profit rises to 446.10/month (again, minus whatever additional expenses I am missing).Not a ton of cash but not a ton of work either, and presumably the value of the property increases with time and you build up equity in it without ever paying the mortgage yourself.So why is this such a deal and why hasn't someone grabbed it already?

I would put an ad on craigslist for your area looking for an investor that is currently acquiring homes that would be willing to let you tag along while they preview homes.

I also read that they using recycled materials, some of which would be from the huge coal industry in China..I hear they open 2 coal plants in a week, so that would explain the sulfur.

You need an education in executory contracts.In NM you can lease, and buy on sub2 or a wrap or seller financing.Get a team together that knows what to do.The contracts I use in a sub2 areThe Purchase And Sale AgreementSeller's Due-On-Sale AcknowledgementThe Quit Claim Deed To TrusteeGet An Authorization To Release Mortgage InformationGet A Limited Power Of AttorneyUpdating The Insurance CoverageControlling The Escrow AccountIf The Mortgage Company Calls The Loan Due What to DoAddendum To Purchase And Sale Agreement Quit Claim Deed To TrusteeAuthorization To Release Mortgage InformationLimited Power Of Attorney Regarding Real EstateInsurance Letter (Adding Additionally Insured)Escrow LetterLetter To Mortgage Company Good luck!

Look for Rental ads by landlords within a close radius of your subject property.

You are guaranteed to get some hostile responses at some point, and possibly put yourself in harms way from angry/desparate people.I would stick with a multi-pronged marketing approach (direct mail/postcards, recurring newspaper/pennysaver ads, signs, networking, etc.), and leave the door-knocking to the vaccuum salesmen.Get creative.

If that'll get us higher on the speed dial, perhaps it is something worth adding. . . .

Just kidding about the Donald, but some other successful investor (see classified ads) might consider taking you under wing in exchange for your time stuffing envelopes or distributing flyers.

While it may have had the desired effect in regards to adding liquidity, the global reaction was that the dollar fell because it was devalued.

Even large coprs are now using Ning for campaign ads.