I have had a couple of bad deals as well @Mathew PezonThey all ended up being from my lack of experience and being to trusting of other people BIG MISTAKE I am sure you have heard the old saying trust but verify,very true in this businessYou need to be on the job everyday to make sure the work gets done properly or to your satisfaction, no excuses allowed on this oneRemember you only fail if you quit,if I can come back from my struggles you can as well Good luck on the next one

Hi, My wife and I recently upgraded to to Bigger Pockets Pro.  

@Breon Smith before you buy verify zoning if the property is zoned rld-60 the city will not give you occupancy, the property must be zoned rmd-a,b, or c, in order to get occupancy. 

Since you are asking the most basic purchase questions I would encourage you to double and triple verify that the property will indeed be worth much greater in arv than he $260,000 that you anticipate to invest, otherwise you just bought yourself a new personal residence or an accidental rental. 

I can't verify whether it's like that throughout all of the downtown area but all that I have talked to aren't happy with it, unless you are the owner of the property. 

Financing is similar to houses - need adequate credit score, a down payment and verifiable income.If it's on land and NOT attached or in a park it can be financed.

Because it's the right thing to to and because its good business as well.Back to the numbers: here are my most important conclusions:1.) 

I tell every potential investor to find a qualified, verified expert to guide them.  

I have one of the collection agencies agreeing to a pay to delete but wont provide a letter or email to verify that so I am not so trusting that will happen.

@Chris MayThe 4506 T is a document that is used to verify the buyer’s income through the IRS.