Cat hair was everywhere.

Yes, I foresee many potential issues that you'll want to consider carefully before pulling the trigger on an OOS property in a C or D area (see my previous post for details).Good luck out there!

Typically peroxide guys swear by hair bleach cream developer, because it can really do a range of lightening well, but it take times to develop skill in that.After you lighten up the spot, you're going to have to seal and poly the wood.

However if you plan on buying 3-4units, there is a trigger rule for FHA, it is called the self sufficiency test.

So, basically, if you're splitting hairs over ownership percentage, here's the deal: Your partner dropping $40k on materials means they've got 25% skin in the game.

How important is it to have a list of team members before starting out---Should I just pull the trigger on a place and send an offer if it works financially and learn by trial and error? 

Taxes are $1175.I am thinking of pulling the trigger and offering $46,000.

Only when you have a solid foundation in underwriting would I pull the trigger on a purchase because as you have seen - it will be a money pit for awhile and if you don’t have the exit strategy to pay everyone back - it won’t be your money pit long because they will foreclose. 

All it takes is 1 or 2 dominos to fall in a specific market that could trigger action but agreed the banks could be propping this up from happening.

All of my hair has fallen out.