You could buy notes as well, but this requires access to substantial cash.The reason I say “control” is because it is possible to build CF without actually taking title to property; sandwich techniques such as option/lease option/installment purchase and then turn around and do the same or simply rent.

Keep in mind as a 24 year old male in a big city I had a 680 beacon this time last year then life handed me a few huge crap sandwiches one after another and I survived just fine.

Find the right one.If you can't find one, based on your requirements, then you should start out doing sandwich lease options.

**Bonus Item if you're feeling chipper** Bring them donuts or a sandwich now and again, because your $20 spent on lunch will return happy, better quality, harder workers.7) Missing the MarkIf they miss a milestone, ask them only then if you need to establish penalties.

A sandwich works fine.

How do you know it’s not sandwiched between two apartment buildings?

No Equity DealsFind a seller that bought their house at the top of the market, say 2007 - 2009.Show them they have no equity and little choices.Show the costs to sell with an agent (10% or so of equity with agents fees, closing costs, sellers concessions, and holding a vacant house to sell)Show the risks to renting to an unproven tenantShow the price of a short sale to credit FICO and the IRSShow that that have creative fiancing options: Sell on Contract for Deed, Lease Option, Wrap - AITD, Sub2Exit Strategy can be renting out or lease option then assign or sandwich lease option.

If the home was ever condemned, would there be any real value in tearing it down and rebuilding on a lot I now own in a nice neighborhood, or is this being overly optimistic about taking a giant bite out of a poop sandwich?

Head to Clydes next door for a great sandwich.

Unless you happen to have the misfortune of being sandwiched between 2 houses owned by people who are in the middle of a foreclosure limbo and maybe no longer care about maintaining their property so you have to stare at their deteriorating houses every morning when you go to work.