I mean, when companies treat their customers like that it usually doesn't work out very well.But Bill's comment makes a lot of sense, too.

Flipping is very labor intensive and every issue must be addressed immediately.

If this guy does not work out, i'll be hiring a PM.

Or possible contact the father and work out a lease agreement with both him and his son on that agreement.

This area tends to fluctuate with the oil market.My ROI goes like this:$550 rent-$20 taxes-$40 insurance-$55 vacancy-$50 management fee-$100 repairstotal expenses $265So, $550-$265= $285 * 12= $3420/$18,000= 19% ROII am an attorney and use my office so that cuts down on other expenses.My properties are very management intensive and they do not appreciate much.

Work out an agreement on how to split and what he/she puts in.

Since that property is comparable to the one your looking at the comps should work out more or less.

. :)BTW, all this "contact me" and "I'll do that stuff" is really for a PM as such really looks like solicitations to assist in a deal or work out some arrangement, we don't do that in the forums, not to be a forum cop, but I do have the badge....LOL!

Dell, have you bought houses that you were told or you knew that there was foundation issues and how idd it work out for you?

I'm having rents below market, because I rather want them full than vacant.They were all bought and renovated within 1-2 years.But it's a labor intensive neighborhood, so it's different than a cushy middle-class neighborhood.So, it all depends on where your risk threshold is