Do you have that kind of coin laying around to put to work?

The woman was kind enough to let me have the garage and a spot next to the garage to park my rv.

It is possible where they are at the owner is in default or having problems and does not have the cash reserves to do the improvements they want to keep the tenant.With outlaying that kind of money for improvements I would just be really careful going in.

What kind of deal do you have?

Forward projection based on actual numbers this year should result in a 50% profit after all expenses (including operating expenses).I know this is kind of an odd approach with respect to everyone else but in order to get where I want to get going, it is actually working out better than expected because of serious planning and number crunching.

The one HML I tried said they won't lend less than 60k which would eat 50% of our profits.Long story short if I cannot line some kind of financing up before I close I would like to know if there is some way I can pull out of the deal without losing my earnest money?

Besides, it's their investment, not yours.Sounds harsh, but I'm the kind of jerk you will have to deal with in your new biz.

I think it would help you to find a home for yourself and then use it as a rental, that way you get a good interest rate and you learn what kinds of costs are associated with the property.I think that you are the right track.

You have different electrical phases based on your state code. pay attention to outlets locations and what kind of power output in each and why.Plumbing is even more crucial as most of the bad job would be covered up.

I also removed your mentor request; any kind of request for partners, mentors, deals, etc., needs to be placed in the appropriate areas of our forums.