According to that ad, which of course may not be reliable, the house rents for 850 and is in move-in condition.850 - 365.54 - 149.42 = 335.04/month profit (minus whatever other expenses I may be missing here.)If you go back and change that mortgage to a 30yr, at 7%, your monthly payment drops to 254.48, so your profit rises to 446.10/month (again, minus whatever additional expenses I am missing).Not a ton of cash but not a ton of work either, and presumably the value of the property increases with time and you build up equity in it without ever paying the mortgage yourself.So why is this such a deal and why hasn't someone grabbed it already?

I always told myself if another house on the block came on sale for a good price, I would certainly consider it.The house two homes from me recently had a foreclosure notice on the door.

I am married with a 2 year old little girl, I enjoy hanging out with friends and family, out doors, games, movies, music, etc.

you need to make sure you have enough circulation/venting or your pilot will not stay lit.leave closet door open and i bet it stays on.a more permanent solution is to add additional venting in the ceiling area.good luck

By networking with that investor you can open many doors.

I need some input on good door knocking do's and dont's.

Let me understand this: if you can cash flow at least $100 per door on multi's, or so, you are doing well?

You always want to go thru the agent, but if they are not reasonable in the past I have knocked on the seller's door and told them directly their agent refused to present my offer.

I recently bought a duplex, I live in one side, three college aged men live in the other.The neighbor next door, has complained about the noise they have been making.

If you are a Cash Investor for Rentals, what is a good net price per door $100?