I made some offers to basically see what it would take. 3 of the 4 houses were HUDs.

@Jonathan LipsonReal Estate Pros have long since dropped the concept of "driving for dollars," and for good reason.- It's time consuming..- More often than not, leads to no acquisitions..- You are limited to a small geography..- You are only as good as your last deal, then you have to go do it again.Consider executing a well thought out mail campaign.I tell everyone I help start in real estate to forget about buying that first deal.  

They are basically making new policies pay for the losses of the past. 

If this was my business model I would try to get one or two under my belt as proof of concept and then look for JV partners to fund the deals and you get a cut of the profit.

Daniel,I am in a similar position to you - just starting out and trying to learn the basics.

Basically every dollar spent will be a business expense and every dollar received will be income and the difference after all the dust settles is your profit to be allocated.

Basically, overall we had good tenants up until the last few months.

The others have chimed in already, but a little piece of advice that I have for you if you intend to be an investor friendly agent is to start building up a basic knowledge of both landlording and flipping.

The land immediately north of the current stadium (and proposed stadium site across the street) is basically a war zone with little value.

With a little bit of patience, you can learn from others' mistakes and effective strategies that add up to some very basic know how.