Im new to BP and I have a very strong desire to learn Real Estate Investing in general to figure out which niche best suits me.

The biggest turnoff I experienced when interviewing brokers, was how many of them just expected you to hammer your own personal sphere, bugging them to refer you or sell/buy with you as a newbie.

in your target area- Thoroughly screen these roommates as this will make or break your investment - Figure out the structure of your partnership - do both of you own the home?

Please note that I don't know how plausible they all are so feel free to comment:1) Write it into the offer that the eviction process has to be completed by closing, else I can walk.2) Ask for money back at closing to cover any fees plus unforeseen damages to the property.3) Walk away and find something else.Oh great, now I can't figure out how to get my margins back to what they were before....anyway, I haven't made an offer yet.

@Megan Bridgette,The answer to your first question is, "not hard, but not that easy".The answer to the rest of your questions is, "it depends ...".It depends what you expect from foreclosure.com.

I do expect this to come down a little now that the summer months are coming to an end.$3100- $1600- $1500 cash flow.So technically it isn't exactly an $1800 cash flow property, sorry for not being clear!

I wouldn't expect to pat more than $900, $1000 tops!!!!  

I have an agent and we are looking for the right opportunity that meets our expected numbers from ROI, Cash Flows, Cap Rate, 2% rule, etc.

So we got busy figuring out what to do to buy a lot of houses, which we did for the length of the tour.  

Rather, I would just tell anyone who was going to make an offer to expect no repairs to be made.