All in cash investment was $12,900 and you're profiting $3786 before you factor in regular maintenance and repairs into the deal annually.

So, I am up for the challenge and in the process make myself and investors a nice profit.

Selling the property at a major loss is not an option I want to consider at this point in time.

As having acquired 94 deals (and not all of them are profitable), I would know :-)So, I am writing this forum post to share with you my top 5 ways I find good deals even in today's HOT real estate market.

It needs to be close to major employer.

Fannie Mae (conventional) considers a property owned in a LLC that your the majority member of to be personally owned.

-Wednesday, November 14th 2018 at 3:45pm-Joliet City Hall – 150 W Jefferson Street, Joliet, ILOne member of the Land Use Committee has been demonizing rental housing in Joliet and pushing for these inspections even though: The VAST Majority of property complaints are for owner/occupied housesRental inspections would cost the City at least a half a million dollars a yearRSVP by replying to this message and be sure to spread the word to landlords and property investors in and around Joliet. 

Do a couple of deals with normal timing, pay the lender back, then share the bank owned scenario with them, they might want to partner with you.And in the 17 years of doing business, I have never had a private lender ask for a credit report, an appraisal or an inspection, they did, however, want to see before and after photos and profit and loss sheets of deals I have done (a few of them anyway) Once you build up a reputation of doing deals and using private money, you can get funding fairly easily for regular closings and build a track record with those lenders and they might fund instantly at the courthouse steps

Since you're in your second year of school, ask yourself whether your major gives you any marketable skills.

Many of the units in our complex are vacation homes so these "reserved spots" sit empty for the majority of the week.