Not only that, you interrupt the sellers lives when they clean their houses, pack up kids and dogs for you to ‘look’.  

No damage, a clean, professional job, but lesson learned for next time.

Hi alloccasionally (ok, 90% of the time) we have to have carpets steam cleaned after tenant leaves.

Painting, carpet cleaning, general cleaning, and door latch replacement?

Promising one lessee rather than 4-5 non or slow paying ones.Going in and cleaning house, creating cashflow, and after 1-2 years, executing on the option and either taking the property subject to or having the seller carryback.Am I living in naive bizzaro-land or have any of you been able to structure a deal like this.Brian, are you listening?

I'll start on my approach.Disclose this to your broker before doing anything, you will be buying, taking title to avoid a net listing arrangement and disclosing your position.Value each property and see what the income is.Your offer to take them all in one deal certainly saves the seller time fooling with peeling these off one at a time.Make sure you disclose you are a realtor and that you would be acting as an investor, but in so doing, still assisting her making it a clean transaction...The initial idea is to buy them all and thereby putting you in a psoition to payoff those properties sold with the proceeds going to her.

Just make it as clean a simple as you can, the KISS method usually workds well. :)

I guess I'm supposed to have that hoarder cleaned up and go get regular financing, but I've already used up my down payment to the owner.

t rent it.I ended up getting a skilled tradesman in each house.one guy is an actual house builder that hit bad times during the recession the other guy works with his father installing and remodeling bathrooms and kitchens.both these guys came signed the lease on the first tenant I allowed him to move in with security plus 200.00the difference was the paint and drywall repair and cabinets stained and house cleaned. that I would have paid someone else to do out of pocket which I didnt have.gettting that money allowed me to take care of a 350 plumbing problem and a furnace issue that came upthe other house the guy moved in for security plus 300 for the first two months less than half the actual rent because he is going to do all the painting and the bathroom remodelsome drywall repair and hang ceiling fans.he is working alongside my contractor and my contractor has now gotten a new partner and he has okayed this guy to do the workall things worked out.and now my two houses have some capable people in them who wont come crying everytime there is a minor problemI know this isnt the ideal way to do business but I sort of started out over extended.

Yes, tenants are their customers, but they are providing clean, safe housing in return for rent.