At 500k at 50 units you are looking at 10,000 a door going in.Those types or properties at that price point are almost for sure going to have deferred maintenance and occupancy issues and a regular bank/lender won't touch them.

LOL)Be careful on the section 8 payments.They might be high now but can have a readjustment monthly rate for the area come down the pike.I have seen this happen in a few areas.In those cases the section 8 tenants can never make up the difference so the landlords get them out to rent to regular tenants at market rate.If section 8 payout is at market rate or higher it is good but if below you have to have a real low basis in the property to rent out and make any money.

Mike Jakobczak - Thanks for the comments, I will definitely post updates either way!

OK..quick update...Ford found 2 connectors that need to be replaced on the AC harness...so...the Excursion is no longer for sale....meanwhile, I'll still post how I work with agents/brokers.

Please do that and let us know if you have other questions or updates on this deal.

I would need to get something similar.Since I don't have a regular job where I'm on salary, and I am a business owner, it's pretty tough for me to qualify for financing.

Looks like there was a private mortgage-( just regular guy's name for the deed of trust in 2008.)

Steve Job's lived in a modest house, in a regular neighborhood -- no gates or anything.

Then click "Update" on the Profile Image screen.

I will be managing my self. 1 unit is been updated in the last 2 years.