It's then possible to do what others above suggested - doing the contract site unseen with major "look-see" contingencies that allow me to walk away.

In general, by the time non-investors like your BF think a neighborhood is a "good one to buy into", the major opportunity is already gone.I can't really speak to the particulars of your deal and the projected rents.

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I am 25 and have been wanting to start investing in rental properties for awhile now...my issues holding me back is 2 very major factors, credit and money!!!!

I'm not licensed, but our rental property is the majority of my family's income and I'd be happy to talk to you about what we have found working there.

It's the right thing to do, and it happens to be good business also.Bruce Norris (major SoCal investor) tells a story about a house he wholesaled.

If you're not, or don't have much experience in that yet, then just be careful that you're not getting in over your head with a major fixer-upper. 

We've been a little aggressive with our cap ex reserve on this house as we replaced all of the systems, so there shouldn't be any major expenses for a number of years. 

They are available in all of the major Texas metro areas.

NOw if your in small counties this can be different but if your in a major metro area and a county in said metro area.. its a ton of work.I bought a few sales in the ft meyer area back in the crash 09... ( wish I had moved there and set up shop) but I used a service.. which basically means we split profit with the guys that did all the leg work.