That will allow you to learn the ropes of land lording and building maintenance, while cutting out a huge expense - the rent you pay. 

I am just starting and feel like wholesaling is the best beginning path for me. How is a fair “fee” for the bird-dogging service I’m basically doing calculated? I am also an agent so I don’t have realtor fees as a bu...

I am looking for some creative ways to obtain the property where I can possibly cut some of the costs by doing it "under the table" opposed to working the deal the traditional route.

Hi all,I am not very clear how property tax are different from home owner and investors.Anyone can help with that pls?

On a recent one, we needed $7k added back, I felt we had $9500 in clear "one time" stuff, the underwriter came up with $4200 and we had to fight/escalate to get a smidgen over $7k to make the deal work (this was a refi of some other property to save a few bucks a month, not a purchase mortgage, so I felt OK about taking this risk). 

Just don't cut your margins too closely to leave you uncomfortable in case of a down turn.

And it's sold free and clear, which many REO's are not.

Imagine owning a couple million dollars of real estate free and clear simply because your tenants were good enough to buy it all for you.  

Thank you for clearing that up for me.

But that is a topic for another day.I hope that clears some things up for those who are wondering why things are done the way that they are done.