. * Rates with them have been stable over last 6 years.

You should be able to find your county from the website above and see what the loan limits are.You also will need stable income for at least the first 3 years of the mortgage.

I need to still verify some additional information, but it looks like I will be picking up a few out-of-market properties.In addition, if you have $100,000 and a relatively stable job with good income, I would very seriously consider leveraging that money to purchase multiple homes.

That house has given us an opportunity to get some rehab experience and we have started building relationships with a really good electrician and a couple of other handyman types.From what I have seen on BP I should be looking to get involved with a local REI club to start building relationships but I have not been able to find anything around here.Hoping someone with local knowledge on BP can steer me in the right direction for attending some central california meet ups.My goal to build a stable quality REI business over the next few years and eventually transition into this full time.Glad to 'meet' everyone and I promise to stop lurking and get more involved on the BP site.

Some thoughts, but this might be more personal preference: I don't see property management fees, maybe you will do it yourself, but you should consider your time.I would want to be comfortable with market (are jobs increasing is housing market stable etc.).I assume AM means adjustable mortgage?

If I were you, I would continue flipping the higher value homes that fall in your lap ($150k + homes) and keep the lower value homes ($80-150k range) for rentals as those will provide a more stable/consistent cash flow over a longer period of time.

After the appraisal in March 2012 the house appraised at 225,000.Financial Situation:I have a good paying job that is very stable and I am currently studying for receive my real estate license for side work plus I see advantages for my investment future plus getting my feet wet in real estate .My with is a waitress with a fluxuating income.

I understand what you mean Mike, I was referring more to kitchen cabinets and sinks and islands, bathroom items (shelfs, furniture to store towels in etc,) and various ingenious items that make everyday living and organizing easier argggg this is hard to explain I need a drink :beer: lol

Other issues were water stains, water leaks, Fireplace chimney wasnt tall enough and she was questioning the stableness of the building.

im starting from scratch with no knowledge of anything yet and no stable income other than my parents and the part time job im working.