As folks get away from those attributes they need to make it up with effort, williness to follow instructions, able to grasp conceptual transactions in a restrictive environment while adopting creative approaches to problem solving techniques.

The reason you hears so much about it is pretty much is that it's an easy conept to sell, promote, teach and devise into different products, not that it's the best strategy in a transaction really.A seller who is motivated to get out of a property that is not very marketable (say in a poor condition or a poor location or even a good property but the owner must dump it) may consider the income to break even and get away with a future sale.Done properly, they are not easy slam dunks that you hear about and if you put a tenant in as a sandwich lease, you can have issues.

If I had to suggest something more specific, I would consider looking into the short sales process.I think right now that would be one way that you could get away from having to compete with the banks.

I've seen FHA appraisers mention a hole in a screen as if a pencil bent the tiny square hole in a rounded shape saying the screen would not prevent a fly from entering.

Could you get away with it?

Say I have a fully rented out duplex investment property with the following information:Agreement of Sale: Purchase price $73,400 assuming 2% Sellers assistTherefore offer amount is actually ~$72,000 (I'm rounding)For arguments sake let's assuming that the two tenants in the house have a grand total of $1000 in security deposits.The seller must give the security deposits to the landlord during closing, but would that count as part of the sellers assist or does this count as a separate source of funds.

Still need to do more research on which area is best for year-round vacationers.I clearly have a lot of learning to do before I get started.

Welcome from Round Rock Brian!

Most local carpet cleaners offer the service so you may want to calla round and see if you can get a great deal

Also, it is very updated in terms of big-ticket items.Single Family Home #2 (owned outright)Purchase Price: $62,000Immediate Reno: $4,000Rent/mo: $95050% rule monthly cash flow (15 yr @ 2.8%): $137/moSingle Family Home #3 (owned outright)Purchase Price: $79,000Rent/mo $110050% rule monthly cash flow (15 yr @ 2.8%): $120/mo*Furnace, Water Heater, Roof, Siding, Flooring are all new in this property.Should I continue expansion and possibly look into borrowing since the market is right?