The seller also paid the tenant $5000 to break her lease.  

Maybe you could break even or even squeak out a small profit, if your Repairs/CapEx stay low.

hey @Ryan Alexander If you are doing a BRRRR people basically break down the formula for purchase price to be: (After Repair Value*0.75) - Reno Costs - Holding Costs (loan/taxes/utilities) = Max Purchase Price

A topic for another thread.)If you're looking for someone else who's already done some of the leg work, this is a decent article from Motley Fool breaking down metrics and then identifying some markets.If you want to go the Airbnb or short-term rental route, AirDNA.co has some great tools, but you have to pay for the best stuff. 

Hi all, I am a long time student of RE but am about to purchase my first investment. A family member found this potentially great deal for me, but the bathroom placement is making me have second thoughts. It is a 4 un...

One of the members even came up with a form for people to enter break in info into it so that the locations can be tracked and reported to the police and so that they can see if there are patterns to it all.

Still working, but move motivated to break free now. 

Buyer's agent works their tail off to find a buyer their dream house, seller's agent runs people in and our of seller's house, seller wants to sell, lender works their tail off to get the loan done - and then it goes to the desk of a randomly generated 3rd party whose opinion makes or breaks the deal.

Purchase Price of Condo (Naperville): $160,000Down payment: $8,500Renovations: $11,000New home value: $175,000If I where to sell, I'd technically loose money or break even as I lived in it for a year and a half.

Hello I’m 22 years old and I have 50k to invest I want to get a loan of 150k and invest in a multi family that need a rehab and do it my self.Like buy for 150k and rehab for more 50kAfter that rent it until I can sell...