There are numerous posts here that talk about the details of the math for both flipping and renting, so I'll only briefly summarize here.

Applies in numerous ways.

Traditional avenues of financing will be off-limits for awhile, but there will be numerous avenues you can utilize that will make real estate investing not just a possibility, but a certainty:•Bird Dogging – As a bird dog you work as a real estate scout, doing the leg work of locating available properties for investors who will actually close the deals.

Many of the people who posted to pay off properties as soon as possible hold numerous properties so they were obviously not afraid to invest.

I work 3-5 contracts a month with numerous changes and versions of the same contract.

The town I'm in has a lot of older (maybe 1900-1920s) homes in desirable areas and also a lot of homes built from 1949 on.It's an area that I'm interested in, but I've read one book by Robert Irwin and skimmed through another at Barnes and Noble and he mentions in numerous places not to buy houses over 10 years old, but especially not older than 25 years old.

Hi Christian,I work with a very large REO broker that handles properties in the Atlanta area for numerous major lenders and I can tell you that not all listings are on the MLS.

$850/month less 40% for expenses (read numerous threads in landlording forum on this topic) leaves NOI of $510.

Lots of people made out like bandits during the bubble buying properties that were badly cash flow negative.OTOH, you don't have to look very hard to find numerous cases where tenants are being kicked out of their rentals despite paying the rent on time every month because the owner is being foreclosed.

Consult a lawyer or one of the numerous books on running an LLC to get the correct wording.