I've learned more particularly through listening to the podcasts than what an operational system could do for me.I also joined a local real estate investment club (Inland Empire Real Estate Investment Club - Riverside, CA) and they just want to help other to success in their real estate investing endeavors, by asking for advice on whatever deal someone is working on.Your best source of help is going to be through joining a local REIA, listening to podcasts and reading books.Have you read @Brandon Turner's book The Book on Investing in Real Estate with No (and Low) Money Down?

It could be an extremely cool building once finished though, it was an old masonic lodge. 

Asking price is $57k but I think I can get down to low $50s.

And the state law already provides that in both Upset and Judicial Tax Sales, the Realty Transfer Tax is based on the assessed value, no matter how low the actual purchase price might be.In one case I personally witnessed, an old abandoned factory building was sold at Judicial Tax Sale. 

Hello everyone I am also new and was wanting to know if I could get a mortgage loan with a credit score in the upper 500s I'm self-employed first time buyer does anyone  know if I would qualify I would rather do L/O t...

I had bids as low as $85/ft, and I had bids as high as $125/ft. 

Everything I looked into checks out about the deal and on the low end with $100k i can make a little over $6k as a residual.

One 2 Bd apt. and two houses, 5 bed's each.Financing Approach:80% Bank20% 10% down payment10% seller financing - terms to be negotiatedAnnual Financials:-5% vacancy (the market is emerging and vacancy is very low - we know this because we own a 4-unit in the same area, purchased from the same seller)-Rent roll: $55,800 - can be pushed up by $4,800 conservatively after rehabbing-Property Taxes: $4,277 -Insurance: $1,619-Maintenance / Capex: $11,160 (projected - 20% of rents)-Water / Sewer / Utilities: $6,200-Property Management: $3,600 In summary:At purchase:-$55,800 gross income-$21,903 total expensesPro-forma:-$60,600 gross income-$22,529 total expenses We want to get your thoughts on this deal.

The other thing is that I believe we're in a downturn and will be for years, so the only passive income stream I see offering low risk and steady return is some select corporate bonds purchased at peak interest rates.

Hey @Aditya Maini If you are using a low down payment, its not really realistic to expect to be cash flow positive.