(Please excuse my verbage, I'm tired... lol)My grandmother is giving me her house and I don't want to keep it.

Hey Mark,  I'm an investor in the Cedar Rapids market, but have decided to take a 2 year "sabbatical" from buying (I'm too damn tired...LOL).  

I hope that makes sense...BP is turning me into an insomniac so I am pretty tired right now...must resist surfing more!

When we got tired of moving, we started looking into other financial products, which have even higher down payment requirements as well as higher interest rates.  

Especially for a new investor who won't be investing in their own backyard, I would STRONGLY recommend that you stick to the B-range properties, as C/D props (though they often have very enticing price tags) are much higher risk due to Section 8 (housing authority) red tape and to the simple fact that lower-income tenants are often one bad day, one sick kid, one flat tire, away from missing rent.

Seller was a tired landlord who had not received rent for 2 years.

I like to talk with the owners and see if there are any tired landlords who might want to be the bank for me. 

--I do have to admit, I'm so tired of all the property manager bias out here misleading small-time landlords!

I even had same guy on his property give me a manufactured, mobile home for free if I agreed to fix it up..he would get lot rent etc plus he got tired of looking at it..alittle more cash flow for me . was a win win.

People tired of fighting for the "best" deals and people who want to invest but don't want too much hassle with the whole process.