Welcome Fabian, there seems to be quite a few Phoenix investors on BP :) My family and I are moving to the Prescott area in a few months from CA.

I do have a few years of business under the belt though, and I have always felt that if you can say exactly what you do in a name that helps quite a bit.

By mandating or insisting that people replace roofs which may be quite functional (just sun faded) at great cost to the owner.

I sell for $5,000 over (hopefully more if market rebounds) I walk away with quite a bit a change.Potential drawbacks I see are that these buildings are in an area that is not the greatest and the tenants would probably not be the best.

Return on revenue (or return on sales) is an indication of operating profit margins (NOI/revenue) and has nothing to do with how a deal is financed.For a typical rental, using the 50% rule, your ROR is going to be about 50% (not quite, because things like vacancy and capex aren't expensed, but you get the idea).Now, if you're asking about your ROI or your IRR, those are theoretically infinite, as you are earning a positive return on zero investment (the denominator of the return ratio is zero).

However, I'm not quite sure how to go about getting a property under contract.

So I have not quit yet from this goal nor from my day job.

With that said Ill definitely consider what you've stated because I am interested in speeding up the process so that I can eventually quit my w2 and focus on being independent and self supporting.

I my case the smoke damage has caused damage and mold to grow behind the walls which must be demolished and replaced.

He has it on the market for quite some time, as a short sale, working with the bank.