A bonus question : How many months does the bank give a person to pay their mortgage that they are behind on before they foreclose it?

Chances are you can make money throughout college by renting to your friends, and be paying down on a mortgage.

So I'm thinking of offering 2 different prices for rent, one without utilities, and seeing if there's a way I can get the water company to meter each unit, and one with that I'll pay.

Here is what we know so far:Out of state land lord Has been for sale for more than 3 monthsAsking price 240kBuilt in 1981Each unit is 1050 sqft 3/2 with utility roomRent is $1050 (I have not seen the actual numbers this is what the real estate agent told us)Landlord is paying water and trash but don't have those numbers.Two units are currently leased Last roof: unknown AC and water heaters are currently working but do not know when they were last replaced.

Anything that pays for itself will be a winner in the long run, in my opinion.

Tell them you will pay them cash for a quick close.

A bonus question : How many months does the bank give a person to pay their mortgage that they are behind on before they foreclose it?

Your paying 4.42% to have access to $28,620 dollars.  

Sometimes we have to pay to make sure it's right all the way around and have an insured contractor to fall back on if anything is not right... if you touch it the first thing anyone on the job will do is point the finger at you and attack your competence to do whatever you do....  

I think all you need is a title company to close your transactions - no don't need an account at this time - most title companies have lawyers to close your transactions -You should make sure that you buy real estate at a giant discount - Understand the management process - learn how to be a good landlord - a tenant is a customer - the tenant is the person who will pay for your mortgage - treat them well.Find discounted real estate from landlords who find themselves in rent court -Start to deal directly with owners - I don't think you should depend on agents selling retail properties - you need to go under-ground for great deals -Tax salesPublic AuctionsRun print ads and radio commercialsInternet - 5 weeks ago I created an internet site - I have received over 200 leads - have 70 offers out there and 15 ratified contracts - learn those systems and you will do well.Expired listings - go knock on some of those doors - an expired listing is  FAILURE of property to sell - I am sure the sellers are not happy - go find them and solve their problems.Direct mail to commercial properties owners - commercial buildings can be  great profit center - when you advertise for real estate - signs - internet or mailings always advertise - WANTED REAL ESTATE - houses - commercial and non-conforming properties - all cash -as is - no commission.