RE is an industry that tends to reward those who stay liquid and wait for things to fall into their lap.

I'm completing renovation on a duplex on the same street now and will cashflow over $650/door.I have a few questions on how to think through this deal:-Do you feel it is too risky to purchase a low cashflowing asset and maintain while slowly renovating the units upon lease expiration to turn the property around over the next 10-12 months?

Chris E. maybe reach out to a title company and ask what the process is.

@Stacy E.

So far what I currently know for residential is listed below;- REO (Can be found on bank websites, just input the city & state)- Craigslist, Zillow, Trulia, HotPads, Realtor.com, - Realtor, MLS (Already have listing e-mails set up, for three cities (Atlanta, Augusta, & Athens Georgia) with a realtor that is investor friendly)- Driving for Dollars, and utilizing listsource to find leads for Absentee Landlords and Homeowners with high levels of equity- Talking to people at work, supermarket, subdivision, etc.3) After buying one property and finally seeing that I could generate additional cash flow, I want to start planning for future commercial purchases such as apartment complexes (20 Units).

I got one of my multi families properties to confirm it in a e mail.

But I'll also recommend the intelligent investor as well as the E-Myth in real estate.

If you convert to a rental, after three years of rental use have elapsed the capital gains exclusion on the sale of a former principle residence expires.  

If it is fraudulent, likely someone proposing to have a contract that has expired, or non existent, they will face liabilities for your damages if it is not removed.  

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