When starting out, trying to find the absolute grand slam deal will keep you out of the game because you'll likely be waiting a very very long time. 

That's the whole point.I've bought many properties and probates in particular whereby occupant is an heir, a relative, a friend of decedent, ex-partner/boyfriend/girlfriend and grand child's baby daddy and biker buddies. 

Life is a gamble , but if you need to borrow 1 to 3 grand to get started , you wont make it unless you are lucky as hell .

If you have to do a full blown site plan you could spend a few hundred grand there, depending on utilities and infrastructure a few hundred grand and depending on what your building (warm dark shell, cold dark shell) and what type of retail (restaurant etc) costs vary significantlyAlso are you providing TI ?

(less docs to qualify, higher cost) A national portfolio lender I use when needed offers rental loans at around an 8.5% interest rate, and a few grand in costs.

(If I remember correctly, Jay Hinrichs posted his contract where he states explicitly that he might make "a ridiculous assignment fee" and has no problem telling a seller he might make twenty grand selling their house.

I was making this post to see if anybody has ever bought 8 units plus in any of the Rio Grande Valley cities like McAllen, Brownsville, Edinburg, Donna, Harlingen, Mission, Weslaco, etc. 

Bad areas in LA means break-ins, assault with deadly weapon, grand theft, and rape.

The grand prize for deferring this maintenance is to have to open up a wall or ceiling to remove a dead one.

not sure if that is technically probate or not --i bought one house out of probate auction last year, but don't understand the exact legal definition of probate most likely...so there's the run down: house being demolished in 6 weeks when city will slap a huge lien on property, back mortgage payments, back taxes, and also other misc. city liens that add up to a few grand as well....as you can see, i don't think this is a case where the daughters are profitting much, and they seem like they want to sell..we just want to make sure we don't endanger their medicaid..thanks!