But, you have a reasonable chance of making that work pretty well for 5 years.

Also, if there's any chance you live in the Bay Area, let's go grab a cup of coffee (on me) and chat about Real Estate sometime, I would really like to learn about my new neighborhood.

Actually, I responded to an house for sale built in 1970 a 3/2, 1186 sq ft with a  carport and a 10k sq ft lot.

Not to pre-market the house for sale, but to get more motivated sellers / leads. 

The guy who had power of attorney for the sale told me that the old lady who had the house kind of lost it and filled the truck top to bottom with household trash that had sat in the truck for years.

I put an offer on a property that was a hoarder house, the only reason it was for sale was because his parents passed away, and all the siblings BESIDES the one that was actually living in the house wanted to sell it.  

At BP, not only can you network with other real estate investors, but you can learn from the informative forums posted daily, find properties that are for sale, and take free courses.You have definitely come to the right place and I wish you the best of luck.

I just saw a Single Family property in my town with a For Sale By Owner sign on the yard.

That may not matter to you depending on your market and sales prices.

As I mentioned, according to my calculations, this property will go for 60 cents on the dollar after sales price/back taxes/my assignment fee compared to the ARV of the home.