Based on the information you've provided it seems like you might be targeting the wrong type of deal flow for your budget/risk-tolerance/area.

I can analyze LTRs more easily due to the availability of the material information.

Great information.

(You may need to right click and open image in new tab to blow it up) But I'll provide written information for what you're looking at: I'm a 100% section 8 Investor.

Early last year, one of our borrowers, an extremely experienced rehabber who had recently been diagnosed with diabetes, informed us that he’d been in and out of the hospital so frequently that he wouldn’t be able to complete the flip we had loaned on as first position lenders.We were aware that he had borrowed an additional $110k from a second-position lender.

He was a good guy” and his information  on buying at tax or foreclosure sales was realistic and doable. 

The information contained in this post is not to be relied upon.

Check out Brandon Hall and Nathan Sosa on LinkedIn and their podcasts (TaxSmart REI) are VERY informative.

It would also be important to network with other investors, stay informed about regional market shifts, and leverage any available incentives to maximize my investment potential.Good luck!

Welcome to the community and be ready for a huge amount of information at your finger tips.