This is the simple version and the specific rules vary by state and some states may deviate from what I just said.

Interesting to see that they bid on homes and commercial parcels but won mostly vacant land.Click on any image to see a larger version:

The difference in the quality of tenants between what you get with a cleaned-up version of the place you describe and a place that is a bit nicer than anything around is dramatic, in our experience. 

If its XP you really should get off that because Microsoft has stopped issuing patches and there is a very real risk of being hacked.If you're using an old Internet Explorer (or any version, for that matter) try a different browser. 

Mike's version is a simple and easu way to figure that in by including it in the cash flow projection.

I need the Colorado contract form #FPA33-10-06 version of Contract to Buy and Sell.

I'm currently 25 so my strategy will likely be a hybridized version of buy & hold (depending on how the market turns and the inevitable "life events").

Whitepages.com has a Pro version now that I just tried and it worked for that particular one. 

It would need to be a flow indicator type - the moisture sensor version would be useless in this application as @JD Martin pointed out. 

Of course I am sure you could do some version of flipping where you break the law, the basic concept is certainly legal.Whether to create  an entity like an LLC depends on many factors.