I would guess the updated homes with granite, backsplashes, nice cabinets and hardwoods would be getting the top rents of 1150-1250.

I guess I will be going to court.

We do so and send it over after a brief phone call with the person who says it's their property and please make the offer out to hisname with a fast closing.Property is a tear down in a real good area (I guess you could rehab it too but that margin would be small, maybe renting it would work after rehab).

My guess is it has to be an arm's-length transaction but I am no VA loan expert.  

I guess an idea would be to find a "we buy houses" bandit sign and give them a call they are probably pretty good at wholesaling and tell them you think you might have a good deal and offer to partner up.

If live termites are found, the Seller (me) has to have the problem fixed.I guess it boils down to negotiations, even after the contract is signed.

Guess what?

I guess if the rebate amount is substantial and requires an active electric account to claim the rebate, it may be worthwhile to wait till your turn the unit around to install new systems and appliances when the account is temporarily in your name.

Based on the area my guess is its not in COOK County, which is good, as there is a good chance of property taxes going higher in COOK County next year.Also, you need to be sure that the property can be rented out post purchase, with a town of 350 population, what is the ratio of rent vs owning?

I guess the next question would be how do I go about getting ahold of real estate agents or connect with agents that are looking to become involved with a new, first time investor whom is potentially looking to build his portfolio into something?