You are able to buy a lot of liens and wait it out for as long as it takes for them to be redeemed or for you to get the property.The people who really make it tend to have 2 of the 3 advantages above going for them.

Par loans sales will tend to have upfront points on the closing statement which is how that lender will earn money for originating with an intent to sell.  

Some may leave but smaller cities like this one tend to stay away from the big city.

Also look for properties that you could cover the whole monthly nut on your own and dont have to have the rent to survive. 

Many homeowners tend to invest a lot in the makeover options and still they don’t get the results they were looking for.

I think a conservative accountant will tend to tell you to 1099.  

When dealing directly with sellers, as the investor, the best approach is to get bits and pieces of information prior to the meeting, and then once they've seen and met you and you've verbally expressed interest then say something to the affect of "I'm seriously interested in buying your property, but before I can make you an offer I need to review x, y & z.The process of working the seller in this way takes a little more time, but you'll find the information tends to flow more freely after a) they've met you and b) you've expressed interest in making an offer.

They tend to not care as much as someone who is busting their but to get rent paid. 5 kids is a bit of a stretch, but you will probably be helping her and her family to a better life.

I hope to find my first flip before looking at 100 houses, but I'm glad that I've finally taken at least some action and am viewing properties (I tend to get stuck in analysis paralysis).What I've learned so far:1.

so i just lost another contractor. as someone on here stated a few weeks ago, they are like a loaf of bread. they all have a shelf life. i tend to work with lots of insured, unlicensed contractors that of course can not comprehend that sticking with me would prevent them from having to bid future jobs.is being too nice a bad thing?