New comps will need to be found, at least one should be more than the sale price.

I'm assuming, BTW, that you have a foundational understanding of the real estate rental business and that you understand things like -cash flow, ROI, expenses, etc.

As I spend this year scaling the marketing to establish a strong foundation for 2014, which will include the addition of many short sale deals, I will be evaluating the performance of that individual because I'll want to move them into a full time salary + commission position.

He bought a house with MAJOR foundation issues.

I'd say "Rich Dad Poor Dad" is generally universally agreed to be one of the most foundational - though it's heavy on motivation and extremely light on real world advice.

No major repairs like roof, foundation, etc.

I have found just mailing to the attorneys is a waste of time but building a relationship when you are actually buying a probate and showing them your stuff provides the foundation for future business and when they have a property that needs to be sold to get things paid , especially their fee, you will recieve a call.

The house should fetch about $900 a month in rent.The 1 car garage the house currently has needs:A new slab, so it needs to be jacked up - $3000New roof - $1500Scrape and Paint - $1000Total - $5500.I got a quote for a new 2 car garage: Monopour foundation/slab, 20' x 20', vinyl siding, man door, window. $10,500 total price.What do you guys think I should do?

I write about a variety of topics that should help you get started.It also sounds like you're very busy - you might want to look at virtual assistants to do some of the heavy lifting for you once you get your educational foundation set.Best wishes,Michael Borger

If everything is to his satisfaction, he will "close out" the permit, essentially indicating that the local building authority is satisfied with the completed job.Normally, permits are needed for any foundation/structural work, electrical/plumbing/HVAC work, and in many jurisdictions you need permits for other things as well -- decks, roofs, siding, etc.