They expect a government handout while they drive cars that look better than mine, get expensive hair and nail treatments, and generally sit around all day.

u finally nailed it - "why would anyone ever sell their property 20% cheaper than it's inherent value unless they are really motivated and under duress?

alex,alot of it depends on what function you're going to serve in the company or investment strategy(ies).if you're going to be involved in every aspect, well then i think ryan's tips are great, along with what others have posted.if you're not going to be hammering nails and the like, or estimating rehab costs, leaving that to others, than don't waste your time reading about rehab techniques.

Everything that you learn from your reading may help you nail a great one.But be careful.

Eric,You have hit the nail on the head.

the terms are 6 3/8 rate(buying it down), owner non-occupied investment, stated income, 30 year fixed, interest only for first 10 years, 20% down.the big bummer of it all is the 2% cap on the seller paying closing costs.

Center islands can be attached on the tile by a inside perimeter box out of the cabinet in 2x4's using L anchors or liquid nail and then cabinet dropped over it and nailed, toe kicks installed.

The paneling, floor molding and crown molding in this house was put up with large nails so removing it was very slow.

http://www.REIAofMacomb.comWe Hit the Nail on the Head!

Once again, Noobdog nails it with advice to the newcomers.