The sellers are aware of the low rents - claim they're keeping rents low so they don't go into a higher tax bracket... 6-Plex consists of: 2- Studios / 3- 1BR / 1- 2BR. 

Odesk makes it very easy to communicate regularly with the VA's and I've found that they have been very good at updating me with their progress and asking questions when needed. 

I try to communicate this on the Podcast as well but not sure it comes across!

I graduated from college with a BA in Liberal studies and a minor in Communication.

@Anthony Fleming one of the biggest issues I've found trying to buy from wholesalers using assignments is that they don't educate the seller very well and that lack of communication ends up destroying the deal.Be sure you let the seller know that you will be bringing "your partners" and/or contractors through the home for quick inspections.  

It consist of 4 one bedroom units and 1 twoBedroom unit.

Much of smooth property management is really about having consistent policies and good systems. 

It's the absolute most important thing that can drive your profitability; whether you are marketing yourself by social networking, direct mail, on-line presence, mass exposure etc. it's imperative to creating consistent deals.Once you get the leads follow up.And just a general response to the "only take advice from someone in the business more than 20 years" - I would personally revise that to say "only take advice from someone his is where you want to be".

These repairs were done without city permits or approvals, without using licensed contractors, and consisted of the slab foundations being cut, removal of dirt, and filling it back in without compaction.I guess I can't blame him for attempting to pull one over on me, after all, I am a stupid investor from CA with money pouring out of my ears just wanting to place it anywhere I can!!

What you do have here that a lot of markets don't is pretty consistent appreciation in both values and rents.