We will raise 9 months of principle and interest reserves (along with the funds to close and Capex) but I want to have a clear picture of what each month will look like so we can plan for any weak spots up front.I am not an Excel wizard so if anyone has a tool they can share for this type of budgeting that would be spectacular. 

v=yLgtOk48vkQAttended a seminar by him earlier this year and it was spectacular!

The second is an 1100 sq foot condo in one of the best buildings in town but it has no view while the first unit has a spectacular view, like mind blowing view.

PenFed Credit Union has been spectacular for me with HELOCS.

This is also a bit of a destination, as it is right on the WA coastline, so Airbnb has potential.All in all, I'm confident that I can increase my net to 92k annually, and after expenses and debt service (partial commercial, partial seller carry), this puts me at ~$2,500 a month cash flow. 

But in my lending days I did a lot of participation mortgages with small developers.. were I would fund 100% but I took upside .. it was risk but we made some spectacular returns..  

Needed a little work, I offered 85k and she said she'd think about it, wanted to call around....I am spectacular on the phone, can go from first cold call to appointment set plus get all the details of their situation, but not so good in person. 

On second thought, Did you know the lakes of the ozarks have more coast line than California?

The money at the end, even with 5%-9% Cash on Cash ROI, is spectacular from my perspective.Getting that ball rolling is the key...So Property 1 (here is where I ask my questions)...Buy a Foreclosed or Dramatically Reduced (Not in this market) PropertyIf we can pay cash at this point, we should, I get that bit, but CAN this be financed through a bank?

Unfortunately, from looking at a lot of data, many others haven't learned their lesson and/or haven't really had a "last time around" to learn from...would that everyone operated as you are now :) well in a few short weeks you watch for some of my post your going to see something pretty spectacular for our Heros !!!