Chances are if they're on Craigslist and willing to lend a total newbie money, scam.Think of this from a business point of view.

Karen is right on the money, I totally missed the Listing Agent is repping both sides in this transaction,thus has even fiduciary responsibility to both parties from the moment dual agency was established.Appauled that agent(s) even here see nothing wrong with silently presenting offers to oneself - or in this instance an agent working for oneself - while simultaneously honoring fiduciary responsibility to the buyer too as buyers agent!

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Your total expenses (not including debt service) is coming in at 30% of GSR, that's really low, like REALLY low.

Unfortunately the guy can do a lot of damage to a property, really in no time at all.If this were my problem I would be on point at the location with a private security service as well as local PD, camera in hand and rolling the entire time.  

You can say almost anything to a total stranger as long as you have a smile on your face and love in your heart.

The comps and the neighborhood have to support it also but I totally could have done a typical flip and made a generous profit as any flipper would but I couldn't live with the quality that it presented itself.

My total cost with holding and construction was $925,000 roughly and I am getting a loan to refinance my HML of $640,000.  

The previous owner got $1370/month total, I brought that up to $1600/month. 

RealtyTrac predictions), the residential properties are worth ~$3.5mm in total (give or take).