That's a perfectly reasonable strategy...Imagine this hypothetical scenario, with hypothetical but completely reasonable numbers where I live (suburbs of Atlanta):You find a bank owned property in typical area listed for sale at around $82,000.

Hope this helps, -Michael I'd say that is typically agreeable, but a little too broad.

Also, from reading other posts, I've read that buying rentals in cash instead of via loans is the way to go.I currently am bird dogging for a couple investors and finding sfr's for sale for less than 100k, and that have typically 80k equity.

Regardless of what the "typical" or "average" investor does, you do betterSo, what's to say that an investor who is specifically focused on minimizing expenses can't do the same thing?

Second, Is there a certain percentage of the ARV you should typically sell the property for?

Instead of countering 10 times, we will usually give our lowest and best counter to let the buyer know what our bottom dollar is.We service for a few different investors who have different price reduction guidelines, but typically 10-15% under the FMV is where an offer will usually go through.

Not the typical 3 weeks and high maintenance that the -elite- websites are pushing

They typically cost anywhere from $1k to $3k depending on what all your lender wants you to do.

On typical listings it would be 3% of ownership and for FHA foreclosures it would be 6%.

From your post, it sounds like they are typical tenants.