Turn it over to your lawyer to handle and ride it out.

., but keep the license in some "reduced" status, so I can still possibly reap the benefits of the real estate professional status for real estate investing.

I started looking around using the MLS, but know choosing the right area (and ignoring even certain streets in an area) is paramount to making a good decision and need to start working with people familiar with that area that can work with.While I do have money saved up, I am also wondering how feasible it is to get traditional lending and then going through a private lender to finance the rest or at least reduce the 20% down amount to not down the money into the house – oh, and so that it cash flows?

Think of it this way,You could buy a home for 2.2 mil todayOr wait for a downturn to reduce the price by lets say a modest 10% of 2.2 mil That's 220,000 in savingsDivided by your "wasted" 4,000 a month in rent55 months.You could keep renting for 55 months or 4.6 years waiting for a downturn and break even if prices fall 10% I would keep renting.

You'll need 20% to 30% down as an investment property.Closing costs in Wisconsin are between 3% to 5% on average.You'll need to see the property to get a handle on the rehab expenses.

So adding your own capital to reduce debt is fine.However, if you take out more debt in an equal purchase then that automatically means that you are not spending all of your proceeds. 

Hi all,Wondering what is an appropriate way to handle tenants during construction.

So, that's where I feel if I could put together a good team that will oversee and manage the project first hand, then it would reduce the anxiety of the unknown. 

You know the drill.Anyways, wondering if anyone has had success with having lenders waive certain fees or reduce them, and how they went about doing that.

Seller initially listed the property for $243k, reduced to $238k; which is when we made our initial offer ($223k).