So I think with what todays investors learned from the past will force them to analyze markets much more and continue to hedge their largest bets on real estate as opposed to stock.

I suppose I am looking for easy rehabs "carpet and paint" but I have been involved in some pretty major projects in the past and am not opposed to those types of properties.

That document can be handed to my GC for a full bid or can be broken up into pieces and handed to individual contractors.I also use this SOW as part of my contract(s)...Here is an example of one of my SOW documents that I could just hand to my GC for a bid:http://www.reistartup.com/wp-content/uploads/Second_Chance_House/Scope%20of%20Work.docIf I was going to sub it out myself, I would break the SOW into the categories above (as opposed to breaking it down room by room), and hand off the specific requirements to the specific contractors...

That's why auctions generally go to investors with cash as opposed to someone who wants to buy for themselves.

Some of the neighbors, however, are very opposed to this plan, and would fight the rezoning.

I ask in all seriousness, because you're the first experienced investor that I've met who's so opposed to leverage.

But what a pain it is to get that stuff started as opposed to doing time-wasting recreation.

Im not opposed to selling to a rehabber or anothe rinvestor, but would rather simply sell to a retail customer at a deep discount (relative to my price).

What are the advantages/disadvantages of buying a property (duplex) and having the seller hold the note as opposed to conventional financing?

I have a single family home I rent that has about 28K remaining on the loan.I collect about 500 a month, after prop. management fees.I'm thinking about cashing out a mutual fund and paying off the house.Then, my 28K would be making approx. 500 a month, or about 6K a year, as opposed to the 0 dollars it is making invested in the market.Also, Dave Ramsey writes that the only way he owns rentals is if he owns them outright with no loansDoes any of this make sense or am I missing some very important facts??