I've looked into RUBS/sub-metering companies, as my preference would be to have a 3rd party handle the billing for utilities (I heard about this on a BP podcast, and it sounded awesome).  

Thus, I have a fair handle on the numbers aspect.

Learn about them, watch what they do, see how they do it, watch how busy they are and how they handle it, and don't be afraid to try and befriend them or ask questions.

Hi y'all,I've been looking to get in to REI for a little over a year now but I'm just starting to really dive in to books and forums to really try to get a handle on things before jumping in.

Actually he is finding more deals then he can handle.

If there is enough cash flow in the deal that being an absentee landlord will work then go all in.So the question now becomes with 20K down is there enough cash flow for me to handle the property through its trails and tribulations?

Also, vacancies tend to be longer than residential Higher risk for single tenant than multi tenant.

Several ideas come to mind.Find an investor or two with "bigger pockets" cash wise than you do right now and cut them in on the deal.You offer to handle everything like rehab costs and the actual work of getting it done(dealing with contractors,real estate agent,etc) and just let them use their cash to pay for the initial purchase.An out of state cash investor like me might want to get in on a nice deal like that.Another idea is to wholesale the house for a smaller but,quicker profit.Get it under contract for a rock bottom tasty price and sell it to a bigger pocket investor before the deal closes.There are plenty of hard money lenders if you want the entire potential profit .Make them compete for your business.

The bank wants its money,all of it.If it was a bank foreclosure sale it would be handled by the court and usually done at a courthouse or other designated area.The bank will always bid first for the full amount of what is owed and you have to beat it or let them take it back and negotiate directly with the bank for a lower price.If that's not exactly what's happening here I wouldn't touch it with a ten foot pole.Go back to the bank and get more information and verify the bank is or is not foreclosing on the property at this time.

hello everyone , just want to know how fellow wholesalers handle working with and agent that send over some non listed and listed properties . i want to know if the agent is putting in offers for you, do you let your buyers know before the property offer is accepted or after .