Dawn A. is a colleague of mine here on BP.

I've found a property that would work well with multiple exit strategies...but the maximum I can get it under contract for and cover my a** is $12k.This is a FSBO with $35k or best offer written right on sign.

They are driven and successful.

With my current earnings, it takes me about two years to accumulate a new property because (A) I need that much time to save 20 percent and to show rental income from previous property to satisfy DI ratio, or (B) it takes that long to qualify for new owner occupancy financing and also show the two years rental income from previous property to satisfy DI ratio.I hope that when my wife graduates her income will help with rate of savings and I, in turn, will also be making more money.

Jane A.

There's no way I could justify the time spend doing it for a long list of houses I've never driven by.If I wrote one like that, I would probably run comps, and put the offer in the letter as a range, between worst case, full gut offer and cosmetic only offer.  

@John HyattThe "fear" of being stuck in a day job has driven me most of my life.  

They also started that I had too many credit inquiries but that I cant do nothing about, especially when I had to get a couple of credit cards 2 years ago when ai came to the country, a car, and now mortgage.This loan will fund my 4th deal.

My criteria is simple in that I don't look for any property that has a HOA and in neighbors that unlike what you mentioned in your original post, I'd be able to go to in the daylight, twilight, or night time without any issue.I've driven around a little but not much.

Avoid emotionally-driven decisions as much as possible, and make all your moves based on how much closer you will get to your goals.I wish you all the best with your new ventures.