If it was me, I would set up a seperate free email account, like mail.com, email him via the craigslist link, with my phone and first name and ask him to call me about the oppourtunityHe is probably just as concerned about craigslist spammers as you are, and doesn't put his name and phone in the ad

Decide what the place is worth to you and offer it.As far as the tenants are concerned, if the place is so horrible why don't they leave?

So far all my properties have been financed and I never realized so many other option existed, although they seem a bit scary to me.I think my biggest concern, and I have seen its a common one, is whether or not to form a LLC. and other asset protection.

He also provided me with valuable information concerning different exit strategies.

Double digit cash on cash return is an excellent to way to start investing.Last comment is using 2% rule, a purchase price of $35,000 would give you even better results, having said that, it's not very easy to acquire.As far as rental income is concerned, I am not aware of local rentals.

One concern I have is that it has a hot water baseboard heating system compared to forced air.

When I walked through the house to look at it the dogs definitely used the bathroom in the garage and chewed up 75% of the trim throughout the house and my dogs while inside by themselves they ate through the drywall in a few places in the house and this is where my biggest concern is that mold from the dogs urinating on the walls and the moisture seeping in and not being noticed and mold growing from there.

What are all the numbers, and how quickly do you think you can cut expenses/raise rents?

Is there anything I need to be concerned about with "retaliation" in this situation?

Back to your main question though concerning deals- constancy is key.