Warren Buffet would say you want an investment portfolio that's a mix of cash, stocks, real estate, and bonds.

* Special Purpose/Unique Properties – InterBay Funding will consider all commercial and unique properties that fall within our program guidelines and loan amounts, including day care and educational facilities, funeral homes, campgrounds, outdoor entertainment centers, trailer and mobile home parks and marinas

After some investigation and talking with my lendor, I found out that it would be very difficult to get funding on a brand new LLC and the increased interest rates was not worth it.

Then subtract mortgage payment, property taxes, insurance, repair fund, and vacancy loss.

Of course, that additional funding would usually be reimbursed to the buyer at the closing of his unit when he takes possession.

If you know of anyone looking to fund deals for a nice return I would appreciate a heads up.

Like I said I don't analyze well or even have the knowledge to look at some of those aspects you named but I try to buy homes I'd live in, in neighborhoods I think will appreciate, that add a few $$ to the emergency fund each month.

We have several credit cards which could be used for some rehab funding, but that would only be ideal with a flip so we could pay them off with the profits quickly- not a rental situation.If we were to get a home for $140K, what would be your approach.

Talk to your tax professional to make sure you meet the criteria.If you don't meet the criteria, it's a "passive" loss, and can only be used to offset "passive" income, stuff like mutual fund and stock dividents.

That is, if funds are really tight.