You're certainly guru sold.Buy and hold forever, do you understand the concept of functional obsolescence neighborhood maturity, external obsolescence or depreciation, physical depletion and obsolescence?

There are some pretty amazing functions in Excel.

Sellers hope for a rookie investor so that the seller can suck out years of cash flow not fixing anything and then try to sale like it is fully functioning with no issues to get a higher price.

I have to spend time with the buyer explaining what they will have to do to get that yield or they have to accept a lower cap for something fully functioning. it's great people have money and want to do things but it has to be realistic for the area.Now if you look long and hard enough and make offers might you find something?

I look forward to your thoughts/feedback that will hopefully help me understand this crucial function in the flipping ecosystem.

As Account Closed said, others will help you, find the deal and broadcast the deal here too.You can sign up the deal on a option contract.

You have a few options, and you will be best fit to talk to your local broker so he can evaluate your credit and income profile.You can either take the cash out in a lump sum on fixed terms, or apply for a HELOC(Home Equity Line of Credit) which functions more like a credit card.In either case, you will likely only be able to borrow up to 75% of the value, which in your case is ~$187,500 for each property.

While professionals are important, it's really about the function they provide that assists the "franchise", not the professional.Different real estate centric businesses will have different needs.

Agree 100% - I think the search functions & the categorizing/labeling of threads deserves a lot more praise than what they get right now.

It's more of an appearance issue than a functional issue.