Being able to have the property in "retail" or "flip" condition can be a good strategy....but, usually, if it isn't producing revenue....I'll defer it until I am ready to sell.

If you pencil out the number you might find that it makes more sense to rent your residence and use your capital to invest in income-producing real estate in other markets.

In the example, the author has a goal of owning 9 free and clear properties that each produce about $11,000 in income.

Purchasing the right turnkey investments will produce cash-flow and build equity over time through amortization and future appreciation.

But you just worked 50 hours of overtime for the same amount as your regular pay.

I do inspections all the time for my investor clients at no charge.Eventually if you do enough work with a regular contractor, you could expect the same, until then, be prepared to pay for quality expertise.What I will warn you though is, while many think after just a few walk throughs that they know what to look for.....it takes MANY years to really know all the ins and outs of what is going on.

How far are you from the units, and do you have a regular maintenance / handy man to handle day to day maintenance calls.

So, on a cashflow standpoint, this is not a great income producing investment.On the other hand, the developments at Springfield Town Center is very likely to make the area pop.

However, my other question is does the wholesaler have to pay or provide the closing cost using a method like the "split HUD 1" or even using a regular assignment?

I've just sent out regular printed letters (in hand-addressed envelopes) to executors of estates that were filed since Jan 1, 2014 in the probate courts of Cook Co. and the surrounding counties.