If they refuse to pay, contest the charges with the credit card company (assuming they paid with a card).

Now you need to figure out how to find deals and pay for them.

A real estate focused accountant should be able to help tho! 

Research Neighborhoods: Focus on areas with good schools, amenities, and growth potential.4.

They would receive 5/6 of the cash flow, pay for 5/6 of any repairs and expenses, and receive 5/6 of the proceeds from a sale.

Now there are some sellers that have great income and credit they just need to get out of town as in yesterday and Sub2 might work if the Sub2 buyer is credible and will not mess over the sellers credit… As in the Investor needs to make the payments on the underlined note regardless of whether their renter pays them or not.Back to your original question.

You don't want to be cash poor from paying to get into the property.

It should save you more than enough to pay for any renovation.

In that case you still have principal pay down even without appreciation.

My tenant has not been paying rent for four months now and refuses to vacate.