If you see a property that smells good (or bad depending on how you read this), leave your desires to purchase and your contact info on that card and leave that card on the front door.

I might could rent to two college students and charge em like 250-300 each, but i dont think they would like sharing 1 bathroom

Telling me that it's a poor rental is clear, but I guess I was trying to see if taking a partner to front the capital and then rehabbing would be best, or if my first impression to assign it with a 10k bump in price is the thing to do, or to lease option might be feasible, or something else...I suppose it's harder to evaluate a home that is in such a different market; this neighborhood is so close to lots of change in downtown, and one of this week's top local stories is the discussion of the new NBA arena to be built just blocks away.

Not saying anything by this, but it could open a door for conflicts of interest.

:D try competing with investors who pay CASH, real CASH and put in your "no money down" lease option blah blah blah - and you'll be laughed at right out the door...

Do you want to be a referee, mediator, debt collector, building problem solver for 11.50 per door?

lowball offers like that won't see the light of day (in a semi-decent market).in depressed markets - do whatever you think will ultimately get you in the door, to contract and to closing.

and i don't regret it at all. sure it's nice to have made a great profit on my first transaction but i viewed the situation as:1) i can continue to rent...2) ...or own a property paying the same amount of rent and expenses while gaining experience.in both instances my cash flow (i'm going to include the income from my job) would have stayed relatively the same---granted i pay about 200 more due to taxes and insurance. but 200 extra a month was not as important to me as it might be for some one else who has a tighter budget. but since i made the leap definitely feel more confident navigating the entire process over again and also learned how to do some rehabbing on my own (tiling, staining, flooring, light plumbing..etc...)I also now have realistic timelines as to when certain jobs can be completed----at one time i thought I could gut and fix my kitchen and two bathrooms by myself in under 2 weeks only working weekends.

We keep the late fees (which covers the sometimes excessive extra time spent sending notices, knocking on doors, following up and chasing the money up to the point of initiating an eviction); evictions once turned over to the attorney are billed same as other vendors.

I'd forget about Mr. doorways too small, assuming it has standard sized doors.