The biggest problem that I'm seeing is that the typically want the purchase price to be MORE than the FMV price today.

Cash flow is my main focus right now and I'm thinking if I tenant-proof the property and stick with section 8, where there is a multi-year waiting list just to get on the program and incentive to behave, it might be doable.In Long Beach for example, there are D+ and D-/F areas.

But given the fact it would have good cash flow for years to come,  I just wonder if maybe overpaying for it should not be my biggest concern.

Some of the biggest wholesalers in Houston spend about $50,000 in marketing a month.  

Lots of nothing is still nothing.One of the biggest problems is a seller that has unrealistic expectations. 

I do know a creative way to use your money as down payment money get it back at closing cash as repair or incentive money.

The biggest mistake most people make when they get lump sums is being unaware of how your favorite uncle is always looming around the corner waiting with his hand out.

They both have their pros & cons.With single family rentals the biggest pro, especially for a new investor is cost.

Getting the credit history established was the biggest hurdle for me, and a quick trip to the bank can tell you where you sit on the spectrum and what you can afford. 

The situation is that the home is under a lease for a remaining 6 months (assuming they won't leave earlier with incentives) prior to the time when I would move in.