Before this, I mailed the owner a letter, other investors tried to purchase this same property to no avail...But , when I contacted the owner, the same neighbor put in a good word for me....Yaaass, we closed that sweet deal in 2 weeks...This same neighbor referred a tenant..She calls me if anything out of the ordinary takes place at those 2 properties..1.  

Let me know if you would like me to set up an MLS search with instant alerts.My one word of caution is that Massachusetts tenant/landlord laws are tilted WILDLY in favor of the tenant.  

We've hired typically from Craigslist and word of mouth. 

In other words, enough in reserves to pay the mortgage on all properties as if none of them were generating any income. 

PMI has become a dirty word, like ARMs for all the wrong reason.

One word of caution is I would be careful of investment opportunities offering returns that high.

The roofer that looked it said it in those many words that the roof needs to be completely replaced. 

I would also have a few choice words for daddy.

And more recently: http://www.tampabay.com/news/localgovernment/pinel...Note that: "Local restrictions on the books before 2011 were grandfathered in, but cities that change even a word in the existing ordinances will lose their law entirely.

If you can't bring cash to the closing table and can't sell, then you could be foreclosed when the note becomes due.I've had good success browsing craigslist or even MLS listings, using those key words, to find deals.- Tom