I am considering buying a lot or two in NW AR as I am working on getting away from the rentals.

Standard heloc cost on a 100k @ 5%, 10 year term(int and principle)= 67k in interest.  

Take a look at this ad, which is clearly targeting a keyword that a buyer would use.I know what you’re thinking: “Yeah, I only pay when someone clicks on my ad,” which is true.

Great work on this.

Can't wait to dig into the forum and learn more from everyone on here!

Best of luck on the journey! 

Congrats on making a mental commitment to this industry.  

In these states I assume that just like a standard foreclosure, all funds acquired during the sale that exceed the outstanding contract balance and any liens on the house go to the contract buyer (vendee?)

Avon, CT is a hot market, with multiple offers being received the weekend of the open house, which is scheduled one week after listing.My offer of $725,000 was $20,000 lower than the highest bid, but was accepted without counter because it was not contingent on financing, while the highest offer at $745,000, while the buyer had pre approval financing, was subject to financing.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.