Sure you can buy it but I believe that would include any liens/mortgages that are also attached.

I don't see someone buying this type of property when there is not much money to be made even after you put in and fix it up it would be worth about 75,000 and the note needs to be paid which only leave 7,000 profit which doesn't include closing costs and of course anything I could scrape off.

@Charles Worth,Just curious as to why you think it might not end well.No investment is guaranteed to produce a return and all investment involves risk, especially the risk of loss including, but not limited to, the amount invested.

You'll find a wealth of knowledge with investors that range from those that are brand new to the industry, to some of the most successful out there. 

Hello Everyone,I am brand new to Real Estate investing and looking to learn how to use buy and hold strategies along with wholesale. 

The one thing all agents want is training and leads in the end, if you can provide them with this as well as the opportunity to market their brand and bring in max commissions you have a game plan that will make both you and the agent money. 

How would the fact that it's brand new, w/o any income history affect it's bank loan approval chance? 

If an investor has no money to bring to a deal most likely it means either they are bad at investing or brand new . 

We are currently paying off the last bit of debt (not including a auto loan, which if that will hurt us please let me know) we have which should be done by November and then we want to go straight into our first investment.

I would include clear language in the lease that states their responsibility for the lawn & snow.