They recently placed a tenant in a C class property of mine and after 3 months they allowed the tenant to break the 12-month lease if they left the property in good condition/clean and he returned all but $200 of their damage deposit (used to change locks/clean property).

Comps in that area are way over my estimate with an above average demand at any timing left alone now days!

Doesn't matter if they are in an A+ or C- area... some idiot will see an empty house and bust in thinking that you left your tools inside that they can take the pawn shop.

Seller is bleeding money and has no money left to rehab the rest-he is making interest only payments to his lenders.I will very much appreciate if fellow investors have gone through something similar and how to close it.Thanks in advance!

I have been reading voraciously - mostly Brandon Turner books - and was left with the impression that I probably needed a deal before I could interest a partner.

I would say neither, it's simply what aligns with my goals.So if you are going to be doing the work or not doing the work, just ask :Do I have the time for this?

Equity, experience and vision means nothing to them.Im thinking about perhaps starting to look for private money lenders who might be better align with my vision but unfortunately have no experience with that and don't even know what to expect.Does anyone work with a private lenders?

I have depended on the rental income so am a bit nervous going back into deep debt, but the rent will still cover the new mortgage with $400 left over (per the bigger pockets calculator and assuming the loan will also cover some capex).

We listen for entertainment purposes.This was one of his six voicemails left last night and it was the funniest.My girlfriend was a WWE on TV...

Nobody said you can buy by owner financing with only $5k....you have to put enough down, at least 10-20%, so the seller can pay the agent, his own closing costs, plus have some left over....and you need to come across as worth the risk.