Maybe some babe will teach us about the silver lining Bling.

I checked the rent by talking with a couple property managers and the rent is in line with the market for that area.

OK, but how will inflation affect your bottom line.

The bottom line is that the two formula's are the same.The 70% of ARV minus repairs method and buying with 30% equity is the same thing.

I am in business to make money, bottom line.

i don't want to be discouraged but i had no idea finding the right house would be this hard :( would our best bet be hiring an agent?

Tell me what county/state the property is in and I will tell you how to look up the title on line...the borrower's name will be on the title and then perhaps you can locate him/her with a reverse address lookup...Regards,Scott Miller

At the moment I don't know a whole lot about construction; however, I bet if you put together a good team of knowledgeable people it could work.

But then my places were always "top of the line" condition and I always looked hard at my tenants.

Some charge an origination of 6 points and 1.5% per month which seems to fall in line.