Hello from Raleigh, nice site.

All the terms (except for their fee) are usually negotiable.It's also nice to only have to mow one lawn as opposed to 20.

You might make $35-50K, which is still a nice profit.You will have a bunch of costs - buying costs, holding costs, money costs, and selling costs.

And the system itself is nice to put all of your leads into, keeps em in one place and keeps them updated, pretty easy to use too!

-rent something reasonably nice/small for the wife and I to live in and invest in a smaller apartment building or commercial property-go owner occupied on a cheap 4 unit place(not sure wife will like slumming it-or that I would like the lack of investment/personal life boundaries)-buy a 200k house to live in and invest in a smaller 4 unit-ish sized place-buy a giant 400k house and just fund the IRA and don't bother with REI.

It is really nice to have someone to partner with on a day to day basis.Look forward to posting my landlord issues and getting another opinion.Thanks all.Ch.

You meet a lot of nice people (not the Guru's)

I feel really awkward about discussing it with the tenants upstairs, because they've been really nice to me and I'm not sure if I should rat to the landlord about it because they might feel that I should have approached them first.

That was a very diverse area where the houses were not cookie cutter'ed out.

Or better yet find someone who has any personal experience with the COB Sale, or anyone who may be interested in a joint venture.As I understand it these properties will be sold free of any outstanding liens, for the greater of 20% or $500 down and the balance due approximately 6 weeks later.I have completed some research/due diligence on the properties that are in the neighborhoods that I am most familiar with and there looks to be some nice ones still on the list (owners have until the last week in Sept. to petition the City to remove their property from the list).Things that I have completed in researching the properties have been:•Current owner(s)•Property class•Tax Value•Last sale price & date•Drive-by/visual inspectionIs there anything else that I should consider trying to determine before the sale?