It requires the ability to sell, manage a deal, hustle (in the go quickly sense), local knowledge of the neighborhoods, evaluate repair costs CORRECTLY and not get too greedy all at the same time.  

Michael Smith Michael, I actually live in Evergreen but invest in De Soto County, primarily Southaven because of the ability to buy low, rent high, and have a nice, working class tenant.

@Guy Gimenez - I spoke with a local attorney who’s been practicing for almost 30 years and he says he’s never dealt with such a situation.

Hi guys,So I've been doing homework on real estate investing for a while and I am ready to put it to practice...is there anyone in the local Dallas area (preferably Cedar Hill) that would be willing to let me look over your shoulder as you work a deal or two?

I suspect our ability to get those terms will be somewhat limited going forward, as this loan already required extra review because the two LLC members on the note already had 4 properties between them and this was number five. 

I would think this is at least good for practice analyzing, but like you would like to know if there are other/better ways.

Hi allCan anyone tell me where can i find deal to analyze for practice?

Textbooks and school taught me the terms but being in the workplace has allowed me to learn how to put these terms to practical use.

So its really not very practical or your not going to have much success if you just hone in on one property... you must follow 50 or more to get one. not that you could not get lucky and pre foreclosure takes the competition out of it. 

Many reasons to wholesale but after trying to flip and wholesale, I am finding that the desire to flip more properties trumps my ability to wholesale flip deals.