You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.

The reverse mortgage company wants buyout and I dont have over 200k to pay out.

Now, you need to figure out how to find deals and pay for them.

, what legal documents should I pay attention to and why?

Roofstock will pay to have an inspection done by a third party that we have vetted or the buyer can hire their own inspector and pay for the inspection themselves.

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.

If you’re paying off less than $800/mo on your loan id say sell come April selling season.

But keep in mind, its a Real Estate Club where you have to pay to be a member.

When someone wants to send you a referral privately, they are probably sending you a friend that pays them a referral fee.

   #9  SWEETEN the POT:    Do not think that paying extra rent is going to entice owners to rent to you.