Equity Deals - Work with an established Flipper and Short Sale Experts.

Joe, I am not an expert but let me share my thoughts.

I am not an expert in rehabs so I am not sure it this is something a contractor would consider.The owners were trying to make everyone happy, the bank and the family members until their money ran out.

I'm no means an expert in real estate, but one who welcomes the learning experience.

These are very complicated matters and should be discussed with a local expert.

Steven Hamilton II is a good person to address this, though I'll take a non-professional, non-expert stab at it...The IRS won't necessarily classify YOU as a dealer as much as they classify individual properties as either inventory or investment/asset.

If you want to buy rental property you must become an expert on your market.

I think your bigger question is not what socio-economic area to target but what are your buyers looking for they'll probably tell you exactly what zip they're looking in.

It takes areas like Orange County getting stable, growing their economic base, and soon it spreads to other areas.

patricki'm no expert but you don't need anything to look at a property you're interested in buying.