If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

Well if you go together it could split it and get basically nothing - spend $2-3k file a lawsuit and get a judgment you are first in line… Also in many instances you can slap that judgment on his personal residence as well and foreclose on that.

You run the numbers on the project and stress test it.

I wish there were a hundred of these on the market.

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What made you interested in investing in this type of deal?

Demoed the house, will be building a new house on site.

Would I Still Do the Deal?

How did you find this deal and how did you negotiate it?

So, $12,000 a year off $50,000 investment was already a 24% Cash on Cash home run.