I am listening to the podcast daily and practicing deal analysis with some spreadsheets I found online.

I have my license and practiced actively in commercial brokerage for a few years before leaving the firm to focus on my investing activities along with others.  

No doubt, this is very good practice for you.

I hope to gain some expert opinion on how to go about getting financing for properties that need to be fully rehabbed for under 30K.Thank you all in advice for your insight and expertise! 

Only because it's a questionable practice, in some state illegal, and even this is negative to you but sometimes an adverse comment is in YOUR best interest - - certainly not mine.

Hi @Alvin NazarioBest practice is always to be honest.

"      I like to say this ,   " Sure , but I would get the kit with the paint by numbers to practice on before you buy a nice canvas "    

I recognize this as standard business practice and don't see why you can't do the same.

If you don't have the expertise to put them at ease you would have to show significant ties to someone who has and that they also have skin in the game.Bottom line is that IF you have the capital capabilities and you have performed a thorough needs assessment (all that will have to be presented to banking institution and to the city) and you still come back to the question,,,, is the risk worth the return,,,,,, ???

Obviously that was indiscreet but all agents want to sell you a property so I wouldn't preclude him just on that basis.I think it's bad practice to rely on any RE agent for rent comps, they are inheiranty biased and likely to highball rent comps in my experiece.