So interest only tends to give the lowest debt service payment in the short term.For properties you have the (going in) cap rate and a (stabilized) cap rate.

That's a month and a half. 

There is a foreclosure that has been on the market for four and a half months.

It generally has a variable rate and a ten year time horizon. 

Give some information and knowledge and the benefits will come back to you tenfold.That would be in addition to starting a website, blog, craigslist ads, facebook posts, networking, telling all friends and family what you are doing, go to local meetings, code compliance lists, driving for $$, and a few others I cant think of right now.As mentioned above, you have to keep doing all of those consistently over and over.

Generally speaking,  if it's a one family zone, you'll need a variance, in my area requires a public hearing, and a vote.

And as your "insurance" file for eviction anyway so that when/if they don't move out on the agreed upon date, you at least have started the process instead of wasting a week or however long you gave them on the cash for keys deal.

@Jason DiClemente, wouldn't you get that same information from leases and a professional inspection?

I would say along with everyone else to: 1) always be making connections2) always be learning3) Think of this as both a business AND a wealth building game.

Hi Everyone,My name is Olivia, I'm 24 y/o and a 2016 grad from Penn State.