Awesome James I appreciate you for delivering this solid strategy, this one will go down in the books!

Plus you'll buy something under market value and have instant equity.

We have sold a few of them as-is and the new owner will have some instant equity after they are rehabbed. 

On another note, searching through this forum (such as the bars above labeled "Tools" & "Education") will get you far more of the information that you need rather than posting a discussion asking the community to deliver all that this forum has to offer.I feel your goal is very attainable as long as the fast result is followed by faster action.

SO Step 1: Put a property under contract, deliver deposit to title company to secure the property and officially be under contract.

If you have raised the rent within the past year, you either need to incur the charge, give a notice of decrease in rent or make you sure you have an option that does not include a charge.I then checked with Los Angeles consumer affairs on proper notice:If the tenant is under their lease and in their lease you state rent can be delivered one way and you are changing that, they must CONSENT to a "change in terms."  

For that 10K investment you may want to read a blog I wrote about an investment I made with a company that provides co-ownership in a portfolio of 10 rental properties for instant diversification.  

I have also found from my analysis that this market will deliver a strong cash flow.

They can be great lead generators, but not instant ones.

There's little if any instant equity, but it cashflows really well, so I'm reluctant to walk away.Assuming I can find someone willing to make up the difference, what forms could that investment take in order to be acceptable as part of the down payment for a conventional investment loan?