At first the owner asked for his price, then said that instead of receiving the money, he wanted a different property that was in rentable shape where he could collect income right away.

@Phat ViLook in public data websites norrowing your criteria with your units and some bad debt history or behind payments...find address and offer help to owners whose maybe in a desperate...

thanks very much, good data

Most owners aren't going to let you tour the property, talk to the tenants or look at the financial data until you've got a deal started.

I've been using it when I'm driving for dollars and it seems to provide some deep data.

Landlords that have no regard for other landlords use cash for keys to save money.Evict and file to collect in small claims court if necessary.

August REI out of the Dallas area is $35 per loan per month and includes portal for you and buyer, tax forms for you and buyer, collections ( if needed), etc...

8% on gross rent actually collected, nothing else, which has worked well.

It is OK to collect rent and the borrower of the loan will pay the mortgage.

I should have the benefit of getting accurate expense and income data for any real property to validate cap rate and other information.Property management costs are similar to what they are for a SFH (10%/mo + placement fee) until you get to a certain number of units where it then makes sense to hire an employee.Insurance costs will be proportionally more than a SFH/4plex in the area would. e.g.