Basically it means you have to have a net worth of $1 million (minus your primary residence) or make $200,000 a year for the past two years.All well and good.

While it is true the properties definitely are not in the best condition (not unlivable but not brand new) and our timeline/budget isn’t conducive right now to a full rehab, what I find the most concerning is the agent is basically telling us this area is a bad place for investors.

I do want to point out that the 75% idea is a highly rhetorical concept that people throw around on BP.

Im seeking basic info on what you might offer an investor on buy/hold rental properties.

@Joshua Stewart it basically comes down to cost.

@Mandi DeGroot We usually hand-deliver an introductory letter and some basic information to the tenant, or their mailbox if they're not home. 

Contracts I've seen have language that allow them to move closing dates as they please, and that basically say that they have X number of days/months/years to complete the construction.

What is the difference between a hud home, reo, foreclosure and why is one better to invest in than another?

I believe in "control everything, own nothing" so basically I want to have the least amount possible into my investments, I want to carry a mortgage for a long time because the COC is higher and having money sitting dead in your property is not making money.

Once you get comfortable with the basics, then you can look into purchasing a property that requires more work.