I'd have to target the market pretty heavily; on the other hand, the rent price should be attractive.Bill Gulley The steel fab place looks to be mostly M-F 9-5...they were quiet today when I drove past.

Your competitors have been on market for an average of 43 days ( with the lowest priced at 105 days) 4) If you really narrow down your appraisal to using nothing but sold comps within a quarter mile and no more than 6 months back, you're right on target with your ARV.

A site full of your target audience that log on every day and interact.Second - I used what comes naturally to me and that is an open and willing to share form of marketing.

It really depends on your ability to carry the water so to speak, if you have no other income or savings or are able to tap into investments that 6 month reserves is an important target to keep, OTH, if you can pull cash in from other sources to cover that same amount, keeping a small operating budget at hand would do.

There is a much better way for you to avoid all of these issues and never be concerned with any loan origination issue.Form an LLC as a flipper RE investing entity, not as a lender.Since you say all of your business will be from other flippers you are not targeting the general public but a small slice of RE Investors.Approach your customer/client and most will be in an LLC.

Thanks for the replies, however is this situation of the use of bandit signs specifically targeting wholesaling or could you use bandit signs to target "Distress houses"?

In all seriousness, we recent med/dental school grads are just HUGE red targets to the IRS.

I think it would be wise to check the average rental cap rates in your area and the areas around you to see where your best target area/market is.

There is a shortage of available rentals in the area, especially in the price range I am targeting, so I feel pretty confident in my decision to purchase.

Your lesson here was in your marketing approach and not knowing your target market.