I hope that you decide to get involved in the community here, as in getting to know you, people would be more likely to work with you.See you around . . .

Too many times we get in a hurry because we have dollar signs in our eyes.

Write out exactly what is expected of all parties involved and you shouldn't have any problems.As a side note, if the investor tells you that the deal is garbage...IT'S GARBAGE..:) I've had newbies come to me with some bad deals and it seems like they are so anxious to do their first deal that they try to make make a bad deal into a deal.

No wonder we are in a RE meltdown.Too many people are trying(& buying) that have NO money.Bad things happen guys.You need cash to smooth out the unexpected.2.I'm guessing 99% of the people here own NO RE.I have read only a few posters who i'm sure have real world experience3.Too many people jumping into RE blind.4.People who buy books,cd's,dvds & attend seminars are idiots.A few final thoughts...Bad things happen.You WILL buy a property with a HUGE unexpected problem.Plan for it.You will have a renter smear feces on the wall the day before eviction.You are the ENEMY in almost every tenants eyes.

The hardest part about rehabbing is understanding the cost involved with a rehab and controlling your need to make it perfect.

I think you would have a better chance of purchasing below market if you concentrated on regular sellers since there is some desperation or emotion involved.

May well be there are two loans involved.

A little more information is included below for your reference.IRS Eyes FlippersIf you complete multiple transactions in a short period of time, the IRS may consider your property transactions to be a business or trade rather than an investment strategy.

so many people screw themselves in this world by not knowing what they are getting involved in.

So yeah, having said all that, when I start expanding my landlord game, I will be breed/size specific and depending on "familiar status" probably none at all (I may not (and would not) be able to discriminate against kids, but I will discriminate against pets if kids are involved).