I assume $100/month/door (owning three duplexes), and my worst property is hitting $127 this year.

Sometimes a property is listed so cheap that people might not check it out because they assume that something major is wrong with it.

A good GC is worth their weight in gold.After auditing the books, I would probably try to work with him assuming it didn't eliminate my ability to make a profit on the deal and I wanted to work with him in the future.Honestly though, your biggest risk isn't with the GC, it is with the subs.

I assume good if an experienced investor is using them...

* I assume registering an LLC.

I am assuming, given the low % down payments, these are GSE loans through Fannie Mae or Freddie Mac.

I am 24, my credit has been totally shot from school loans and credit cards the amount isn't high but many deragatory accounts. i currently have 40k in the bank and want to buy a duplex. i'm assuming it would have to be owner occupant because i don't have another house to live in. my credit is now up to 633 and i've been working on it. the score for becaon score is 670. what do u thik the best route to becoming a landlord could be. i just need experienced oppinions because i'm afaid and lost.

For example, if you use a hole auger, you will very likely get it stuck in the ground and the force can injure you if you don't know when to let go.It's one thing to do it on your own house and assume the risk yourself, but quite another to allow a renter to do it on your house.

I assume you can roll paint, so while you have these contractors lined up, as them what the cost would be, see what paint costs along with your materials and consider your time, doing this may save you some money on small things you might do yourself, but you can present the bids and the appraisal to base your offer on.You also need to explain that an appraisal is an estimate, not a true value and that you need to make a reasonable profit if you are in the business and justify your offer.Saying older lady doesn't mean much, if she is elderly I suggest you take some additional steps after you get a contract and that is to involve some center of influence, her kids, her attorney or someone who may advise her.

My numbers don't assume any appreciation, so I just need things to not get worse!