Yes, you need to have a few buyers lined up before you go start generating leads, and yes, you should know what your buyers want.But, in general, there is a profile for the motivated seller that we are searching for:1) Urgency - they want to sell fast for some reason2) Property Condition - there are repairs that are preventing them from selling quickly on the retail market (MLS)3) Price Range - most of your buyers will be looking for homes within a specific price range.4) Equity - they have at least 50% equity; without that, they are *not going to be able to accept a typical investor offer.

I offered them 2%, because there was not a lot in our area in that price range. ( $129k) I am all for using an agent though, but my wife is not convinced.

I looked at rentometer.com for this neighborhood and saw rents ranging from 1200 to 1600 for 3 bedrms.

Funny how the tenant that "always pays early" tells you last landlord was great because he worked with her a few days here and there.or"I didn't say anything during teh inspection but the sink squirts water when the dishwasher is running, most goes in the sink, but some under and here is the vinyl that the prior landlord put over the water damage.But all in all everything in great condition minor repairs necessary and a good group of long term tenants.Thanks for all the advice.

They're constantly popping up in the sub-30k range.

Total money invested will be around $90k-$100k and going to list for $135k-$140k range.

A lot of this would depend on the price range that you're in.

Tile is scary because water can seep through the grout cracks and ruin the subfloor.

In CT, they would consider this practicing real estate without a license, and you could find yourselves in hot water.

Monthly outgo: $840 PITI + $110 Property Management + $50 water billMonthly income: $1000Mortgage remaining: $99,900Tax assessed value: $115,000I am feeling terrible about having to rent it out due to the break-even cash flow + the uncertainty of big expenditures.