Well, yes, some properties may require complete work, but others may just need cosmetic things to bring them back on the market.

Well, it sounds like you was tearing it up. 

Wisconsin has a 21 day timeline for landlords to account for any damages and refund the deposit, so if your State is similar, could also remind the seller of those statutes and that you can't just ignore these funds (like pro rating any rent the month of closing where you should be entitled to the portion from closing to the end of the month)

While 80% of these deals will most likely be terrible, you should be able to find a couple worth walking or offering up on.

I’d like to discuss it with a realtor, but I’m worried that if I disclose the deal, the realtor could bid against me on the property.

Hey Jokari,That equity loan sounds like one that you need to get out of.

How well did they handle the recent floods?

Many investors fall into this "do-it-all" trap, believing no one else can handle things as well as they can.

Since this is a post about our loan shop, I'll highlight that we are a small loan shop (30 employees), family-owned just trying to get more clients by placing their loans well and treating customers well.

It seems like you have some very solid goals of multiple income streams, and a well calibrated risk tolerance.