The process is fairly simple just put in your advertising Sec8 ok and make sure they have a voucher that corresponds to the number of bedrooms of the unit.

If the market will support that, why not just raise your rent and not pay the $15K?

The tax statements will give you an indication of the revenue, which will imply occupancy and collections.I include something in the contract that the Seller will provide reasonable documentation to support financing of the deal and that is a contingency to close.

Would you suggest the website focusing on seeking properties, or wait until I own a few, and then advertise them for sale or lease?

So, as I've said before on this form, if you're starting out, figure out your Adwords/Advertising strategy before you embark on your SEO strategy.

It had been on the market for almost 2 years (originally listed around $90,000) and he said he wasn't allowed to advertise it below $49,000 but they would consider any offer. 

Not a good way to drum up support if you ask me.   

The one in Lakeland, FL that turned a ghetto house into $1500 cash in my pocket, the call from Kissimmee, FL that has a $10-25k flip potential, and one message asking to take their name off the list (which is better for me because I don't want to spend anymore money marketing to people who have 0% response rate anyways).Just be light and conversational to your sellers and buyersYou make your money on both ends of the deal, so negotiate the heck out of your seller's price (but be respectful and don't risk losing it) and use a realtor to give you true competitive comps on your sales price so you have supportive evidence for your price and cant get haggled too far down by your buyers, because they will try.Every cash buyer on my list wants their deals to be acquired at 70% of market value, including purchase and rehab.

support@biggerpockets.com

Understand your approach, but at the end of the day (assuming we're discussing analysis in support of a BUY vs WALK decision), in my opinion, IRR(Internal Rate of Return) is too academic and the NPV(Net Present Value) has factors one can adjust.We see lots of newbies just learning to calc cash/cash & cap rates and these are sufficient to make the go/no decision, using the K.I.S.S principle.Attempting to add IRR & NPV to the learning curve is not a requirement - - for you, it's another confirmation you're on the right track.