The unit was a foreclosure and will cash flow well but I do have some long term worries about special assessment that could potential kill the long term investment viability.

Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

The properties may be listed on the area MLS or sold via an auction, or may now use a well-known online service that specializes in such liquidations.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

One of course being if they are become non-compliant with the terms of the rental agreement, two if they expect any special favors or rent breaks that you would not customarily give to other tenants, and three if they can't understand your separate roles, as you are wearing multiple hats (nephew and landlord) which can significantly change the dynamics of the relationship.

Specially in this market and the run up we have had.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.