I know that there is a lot of money to be made if you have the opportunity to buy land/houses in an area that is improving if you catch it at just the right time.

IMO condos are like syphilis - easy to catch, hard to get rid of

Go so sidetracked with BP that now I have to catch up in my college classes. lol.I am so excited about starting this business.

Thanks everyone.Carole yes there is limits.The problem is catching all the people there at once for a violation.If the code enforcement walks in and doesn't actually see all the people then there is nothing they can do.Had this happen in another county where there were a bunch of people occupying a house next to my property.The inspector only worked 9 to 5 Monday through Friday.Many of the people worked and were gone when the inspector could come by.Thus they could never do anything about the situation.This is why I think as a deterrent if we charged 50 bucks a head there would be no benefit for them bringing in all these people because the landlord would get the money.

not really. i think a good inspector will catch the same things for HO or investor. a bad one will miss-inform both types of clients. just watch Homes Inspection and you will see crazy stuff inspectors miss.having said that, i never hire an inspector. i know more about houses and home improvement than 90% of them. by the time i place and offer i have already inspected the house. i put "no inspection required" and they think i am nuts. one more way to sweeten their "deal" and make them accept my offer.

I missed your original intro thread, so I am glad to catch it the second time around.

The part I don't like about it, is that its just too good to be true when something offers 100% -- I mean, there's always a catch.

So many ideas in my head i catch myself driving down the road most times looking at homes thinking what i would do to that home remodeling wise am i crazy or does anyone else do this?

and then settle in a bit and catch your breath.When you build up another 7 or 8k from your reserves, buy your next one and so on til you get to 10.

You can ask other investors in your local REIA, search the MLS for homes listed as potential short sale, or do your own yellow letter marketing using a pre-forclosure list.You will likely need cash on hand to catch up the mortgage and/or give the seller money to move.Hope this helps and good luck!