You typically get clean title with any short sale.

The quick, easy and top dollar belong to updated, clean properties in good repair that are tidy and furnished tastefully and available for move in in 30-45 days.

I bought a fixer duplex moved in and cleaned it up then bought another moved into it and kept the first and rented it then cleaned up the 2nd moved in and then bought a fixer condo moved in and kept the second plex as a rental.

I'd begin advertising/put out the For Rent sign to start screening new tenants and I'd begin discussions about how I understand his problem and if he'll clean up this and that really good I'm happy to help by not pursing them for the rent owed if he leaves the keys on the counter and is gone by X date. 

I know most people think OTCs are junk, but I was curious to know more on their method.

We are still trying to narrow down our first "strategy" and are thinking either single family buy and hold rental or a property purchased using the BRRRR method. 

I’ve offered seller financing, 30 year with balloon in 7 (hoping that whatever capital gains they would be hit over the time period I can make up to them even more so through interest payments), I still need to send them the break down of how much they will make through this method in total.

Purchase price: $45,000 Cash invested: $100 Sale price: $65,000 We cleaned the carpets and relisted it.

These methods ended 20 years ago.

You should see if the seller will lower the price.....THEN when you close on it see if you can raise rents.Just because it was built in 1989 you never should "skip over" fees such asProp Mgmtvacancy  (Yes it is occupied now but it won't always be)insurancerepairscapexof course debt service (mortgage)lawncare, cleaning and maintenance (Different from repairs)trashDo your tenants pay for water and sewer?