I always recommend reading books, listening to podcasts and browsing forums posts of those who have already done what you’re trying to achieve.

I haven't fully browsed the forums to see if there is a hard money lending subforum, but please let me know if there is a BP group that focuses on hard money lending or where to find opportunities more generally.

After browsing the MLS in your area it looks like the rents are really good (high) in your area when compared to the purchase price.

It makes all the difference when people are browsing 100 properties on Homeaway.com3.

In the meantime, spend 30 minutes a day browsing the forums -- take note of anything you don't understand for further research.

I've been doing a little research and browsing forums here.

And this using a 203K FHA loan in the brutal market of Boston, on the east side of the Port Norfolk bay area.Facts & Numbers:2 beds & 2 baths on each of the 3 unitsPurchased for $655K @ 5% down-payment and a generous dose of 203K closing feesTaken a 30K cushion for the 203K streamlined rehabLocked in 4.25% @ 30 year interest rateAppraised at 750KThe numbers are certainly not the exquisite definition of what a ground-breaking deal stands for, but they certainly fare decently well in this seller's market where cash investors rule, the inventory is constantly challenged and most properties are getting sold for over asking price, taking advantage of the current interest rates, the Everett Casino construction, and a few other speculative but pragmatic plays.Just like most everyone else that was not raised or surrounded by real estate professionals from a young age, this deal was pretty much riddled with small mistakes here and there, from neglecting the fire department smoke and carbon detector regulations, being over-optimistic on the underwriting guidelines, underestimating the cost opportunity due to all sorts of processing delays, and you name it.Currently free from tenants, the expectation is to add value by rehabilitating the under-developed basement, adding 2nd and 3rd floor balcony decks, and a variety of practical and aesthetic fixes.

After some research, I realized I could get a job at a number of casinos in Florida, where property can be had for much cheaper than here, while rents can still make them cash flow.

@Clarence JohnsonSaw some examples of properties people are trying to flip homes in 90043 when I was browsing .

Sure, sitting at home alone browsing the computer/phone for potential deals and running the numbers can be easy/exciting, especially when you find one that makes sense!