I have multiple investors that would need to be pre-qualified and funded.Lending specifications required:Hard Money or Private Money to fund rehab and close70% LTV based on ARV (after repair value)Ideal time frame to close once investor is pre-qual'd = 2 weeks or less.Average ARV is 70-85KPermanent Cash-out refinance80% LTV based on ARV with cash-outI am going to show a heavy dose of pleasant skepticism.

Everyone was a beginner at some point in time, kudos to you pal!

You should also start building your business credit portfolio so that at a point in time in the future you'll be able to borrow on your business credit and keep your personal credit clear.

And always ask for a card in return, whether the person you are talking to is in the real estate business or not; it is good business karma and making a habit of it will lead to some pleasant surprises.

If a property is well marketed, it's true value (at this current moment in time) is clearly apparent.

If you like to "hope so and wait" type of person, choose stocks.Real estate on the other hand has all the benefits.Their values are like a slow moving train that youget to inspect, repair, rent, insure, buy 7 different ways,sell 7 different ways.You can see it coming (appreciate) and going (depreciate)in time enough to get on and get off and make a profitbefore, during, after, and all around.There is no comparison - real estate is the best hands downas long as you're competent(take all costs into consideration) and prepared(have the best support team).Sure yo can kind of be 'competent' and sort of 'prepared'in buying/selling stocks, but again, it is still a "hope so and wait" 'technique'.

Writing a book ain't easy, but you might find publishing adds pleasantly to your income stream.Best of luck and keep us posted.

What happens if you can't find a retail buyer in time for the auction?

Amazingly enough the house, in its rough condition, didn't sell in time and the house was lost.

If he has enough income he can probalby pay his way out of that situation in time.