btw, having a mortgage is always worth it.

pull a 50k loan out of it. u are welcome. 

Also, think that there are no new ideas in real estate, only new brands,  not at all time u actually can find something interesting and new)but to do it u must spend a lot of time

Come join us, you wont regret it.   

Property management is also not a terribly lucrative business model either unless you have it connected to a brokerage and you have other companies integrated with it like HVAC, plumbing, etc to funnel more business through it.  

I'm looking to take these leads and send the owners either a yellow letter or postcard, I may mix it u, and convert these into some wholesale deals.

Although in my city Lake Oswego if you miss the height restrictions you are going to have to tear your roof off and fix it..

Lets say after you remodeled it u want to keep it, you can refinance with standard lender, but what if there is no 20% in equity?

either You Pay & Play....or You are a "spectator" 2 the sport of getting rich...it's that simple.Nothing else comes close,Nothing else is more secure, with a higher return, where U can determine exactly how much work U're going 2 put into it,U determine what U're going to sell/rent/1031 it for,U determine who U'll lease option it to & 4 what amount....there really IS nothing else Like it!

Part of it is the higher cost of operating a business there, and part of it is that the Contractors know that they can ask higher $$ and usually get it.