Well again I prefer rents to sales price ratios when doing that quick initial math.

@Mathew Zorn Hey i am still in the process of learning about wholesaling but the whole concept is to find a good deal below market value put it under contract and find a investor preferably a cash buyer who is going to buy the house for more than what you got the seller to agree to and you as the middle man get the difference from what the seller agreed to sell for and what the investor is willing to buy it for.

I wanted to know if anyone in that area know if tenants would prefer electric or gas stove Thanks, in advance!

@Eric Hamilton another happy Morris invest customer?

So to determine if it is worth your time, look at the price difference between duplex and triplex sales in that area, preferably within the last 90 days.You will have to pull permits to convert it to a triplex, but it can be done.

Your family can move into one of the units once one becomes available - or if they prefer an apartment Good luck!

I prefer if you are going to significantly raise rents that the tenants are getting something in return.  

Ask title company for a list of high-equity, absentee-owner properties, preferably older homes.Contact pre-foreclosure homeowners either from Zillow or other sourcesTry to find homeowners with 2+ years of delinquent taxes before it goes to auction.   

If you have a preferred insurer, USAA, for example, you may want to check with them before making an offer. 

I'm considering building a platform to let others reach these customers but wanted to take the pulse of this forum first.