To thrive in real estate investing, you must maintain a firm grip on your finances.

look for land with owner financing And I am sure you know this but location and safety will be paramount in the Jackson market there are simply areas the crime is far to high for this to be successful..

If you can get a better deal on the home due to age its a fine and if you need financing banks do not judge year built. 

That's when we call you, so cash deal, not hard money, no financing, need to close it on Monday. 

Points I can roll into the cost and don't mind a buy down if necessary.My primary concern is the bleed rate monthly for the build, Airbnb stabilization and the year after while we season it and prep for final financing for long term hold.

Hi @Charles Fay it sounds like you are in a very good spot with finances. 

I look at foreclosures.comOut of the 3 stages I am definitely not ready for an auctionpreclosure / short sales:- I need to research how to take over a deed / title- need to prepare how to do door knocking (I have a sales background and feel confident in dealing with an emotional conversation about someone’s home) - there IS a window of like 4 weeks that I need to prepare for (have my finances in order) to then bid before it goes to auction?

I can build a mini storage or whatever as long as the zoning is compliant.

. $40k will not get you a non owner occupied San Diego property unless you find some unlikely alternate financing.

I mean at that point why not just use a HELOC to finance closing costs?