It is not on the market, she does not have a mortgage, we are talking with the family at this point. 

We purchased two single family homes in Florida, where we are originally from.

Being REQUIRED to pay all cash is a red flag.4. 

I will be down there for closing to do some basic work and then back down there once the contractor completes the rehab we are doing, at which point I could take pictures and list the property on postlets.

Beware: this tendency carries the very real danger that we may come to believe we are living in a world that is very different than it actually is.

Then another 2 to 4 weeks to "fix up" while it's getting COLD outside means we are in the middle to late part of November at the earliest before the new owner can even hope to START getting tenants in there.

We are in it for the money.

I have the same dreams as you, but I started with single family homes, next we are going to do a fourplex and after that see how to get into an apartment building.

As we are now approaching October, the after Business (9-5) hours, time to interact with Clients becomes shorter & shorter until we approach Spring and the time changes again - lessening your opportunity time. 

It was not an easy one, since we are in CA and the property is in OH, but we made it through and are looking to take on our next project.Bought: $79,900Initial budget: $65,000Real budget: $97,000 (mismanaged project by initial contractor (and second contractor))ARV: $219,900Improvements:Brand new siding on the second floor (was not in the initial budget)New roof (was not in the initial budget)Sealed and painted the basement - was quite creepy down there beforeOpened the floor plan from the living to the kitchen by widening an existing walkwayMoved the kitchen from one side of the house to the other to capitalize on the stained glass windowsGutted the upstairs bathroom and added really good looking featuresAdded a half bathroom and laundry room downstairs by the entry to the backyardNew ACNew plumbingNew electricOur contractor performed extremely poorly on this job, and I am happy to share a cautious word with anyone who aims to invest in Cincinnati about the team at Kaiker Development and Creative Customs Carpentry.