I was doing short sales before Realtors had the term, buying the note is another way to go.Don't forget to assess the costs of foreclosure, protecting the collateral, holding period, costs of sale and the proceeds from a sale paying the note off.

Use standard sized windows, etc.  

It's great for getting into local conversations.See you around the site!

You might enjoy it: How to Buy a Small MultiFamily Property: A Step by Step Case StudyOh - and don't forget to set up your Keyword Alerts!

Plus you see them blown out at $0.49/sq foot at places like Lumber Liquidators every so often.Basic government regulations have made windows and door significantly better than they have ever been in terms of insulation.  

Tenants pay their own, but I'd be responsible for some outside lights and the laundry room$630 = Insurance (just a guess based on purchase price/1000*3.5 - forget where I found that calc)Total Expenses = $13,704

This small 2 br only needed $5k of rehab because the roof, siding, windows, HVAC were all in all shape.

I think this turns people off.As for getting started without investing your own finances, that might be a little tough in the beginning when you don't have a track record.

Oh - and don't forget to set up your Keyword Alerts!

New windows?