keep it for the rents or flip for the quick cash. the neighborhood is ok walkable close to NYC i go into this part of town to look at properties and there is aways multiple offers on them. this time i win 

The last building that I was recently interested in sold at a 5 CAP at full asking price, 25% vacant and had multiple offers at that price.

You can also read the wealth of information here while your on down times and participate in the forums.The questions you have about REI are answered here in multiple forms via podcast, blogs, forums post, etc.You would be surprised how much you will learn just by engaging with this community.

Based on the parts costs for each of the multiple control boards that could be the problem (dryer apparently has three) I think I'll opt to simply buy a new unit that I know will work rather than risk throwing good money after bad.  

They will also provide you w/ information to evaluate a property (Comparables) Establish multiple relationships w/ wholesalers Establish a minimum profit criteria- The right property is the one that meets or exceeds your profit criteria

That being said, having your license and having access to the Multiple Listing Service (MLS) will only be of benefit to you in your investing career.  

Also, being that Florida is a common vaca destination, you also have the opportunity (depending on your state/local ordinance) to turn them into short term rentals (like AirBnB) to obtain an even higher returns!

If they come to you with multiple accounts in collections, they are coming from somewhere else.

So I have $30k to invest in the market where houses are going for around $30k but my problem is I want to buy multiple properties but no banks will finance deals under $50,000.

I have read multiple books and also attend REIA meetings regularly, but I wanted to reach out to the local and larger community on here to see:*Where are you all finding the most success locating motivated seller leads and also buyers for those properties who can then become a consistent purchaser?