Here in SE Nebraska demand is great.

We ended up doing that with two of our properties on the SE side which didn't sell as fast as we wanted but will give us a tidy profit at the end of the term.

I don't need mentoring per se, just some pointers on which areas I should be looking at for a first flip that would have a good chance of success. 

I see you're living in LA, why are you focusing on SE Michigan?

Hi @Calvin LinMy experience is in SE CT (Groton-New London area) and I exclusively use Charter Oak Credit Union for all our business banking.1) All of our commercial mortgages are 15/30 with 5/5 ARM, requiring 20-25% down.  

I remember reading an article you wrote which indicated under 7 days and no substantial services then it'll still be schedule C but not subject to SE tax.

The worry I would have with not raising it all, is not the $40 per se, but what the shortfall would look like if you went another few years without raising it.

I have to have whatever I can under contract by Mid-October 2009 in order to close by December 1st and get the credit.So I guess what I should be asking isn't if this is a good deal, per se, but would YOU have done this deal if you were first starting off in real estate?

I wish I could put up a picture on these forums in local markets to show you whats "hot or not" per se.

And last I checked, a rental house is NOT that tenants PRIMARY residence per se.