you'd need the financing up front - that's not easy to do - unless through a hard-money lender and that can be challenging as well.with reo's - they usually require an earnest deposit (like 10% of purchase price).

You Dont need a pre qual letter if your paying cash, you can get proof of funds easy with a google search..

They are easy to set-up and move.

It's not easy to move.

As for GFCI's, installing them is fairly easy and if you have any mechanical ability at all, you should be able to do it yourself, just make sure you turn the power off first.

You might say the non profit community offers a last chance to those who have responded to well placed, and compelling advertisements offer quick and easy solutions to problems whose solutions require the homeowner collect ALL the facts, then analyze the facts, arrive at a decision, then act on the decision.

drelly,Finding great deals is not easy.

They will do repairs on their own and generally are pretty easy to deal with.

It's in decent shape now.Any help would be appreciated, I am still a "young investor( my 3rd yr)".thanks,Chuck

In my experience properties with no mortgage a pretty easy to get to cash flow.Back in the day (when no approval assumptions were available) I used to get into those if I could do it CHEAP ENOUGH (ie; close to ZERO), knowing I was going to do a WRAP. all cash