Thats how I started and it at least gets you in the game, then you go from there.

The name of the game is to sell as quick as possible transactional funding will only work if they do not have seasoning requirements. do they and will they let you flip?

Your security deposit is the only thing that protects you and gives the tenant skin in the game.

That is to say, I understand the preference people may have towards growing their equity faster that way, but if cash flow is the name of the game, you'd want a 30-yr to keep your payments as low as possible.

It is my understanding that the house will be fair game at the public auction regardless of familial ties.

Call them speculators if you will) game in my mind, unless of course it's forced appreciation caused by repairs and other improvements you've made.

This is a very different game than SB homes :DKevin

IMO, borrowers lack education playing this game which is why some get messed over by individuals.

Hea Jeff,Get the education base before you dive into any kind of real estate dealings,it is a serious game that if not planned out with a solid exit strategy canhurt you at a early age.

There are so many different opinions on the subject but the bottom line is raising money is a relationship game.