- Looking for good realtors that really specialize in finding good ARV's (works the wholesale scene too)- Looking for good hardmoney lenders for NEW Flippers (I have not done any flips in the past 24 months)- Things to know or to avoid- Possible reliable contractors that know how to stretch a dollar.Thanks everyone for any help Michael Weir

BONUS IDEA: If this a 2 BEDROOM condo, then maybe if this lease is up, get 2 roommates instead and see if you can stretch the monthly rent to meet the $2,269 threshold from next year. 

The reason your home is a liability not an asset is because here is what happens.... example: you rent for $1500 or you can buy for $1500 it’s definitely way better to buy, pay a loan off and have a house worth something vs renting, you never get anything.... but what happens after you get a promotion or make more money you move out and get a house that is $2000 then you go to $2500 or when your house appreciates you refi cash out and spend the money on vacation or a home remodel.... you stretch yourself so thin that you have no extra money and your home is a liability... this is how a vast majority of people do it so that is why their home is a liability.

I'm not an expert by any stretch when it comes to Section 8.Your loan details may be a little rosy.

Characterizing a rental property as a “luxury” property is a stretch.  

It depends on the price point but generally, enough to cover the worst thing that could reasonably happen which is usually going to be a roof replacement, but as number of units increases this can be stretched a little bit as it is unlikely you will have 5 roofs go out at the same time.

Wondering how you stretched that $33k to work for you.

With a 12 month, they could stretch that out to 3 months if they know how to game the system, and you better believe they know how to do that.

If spending another $100k gets you double the income, see if your budget can be stretched.

If this is your first property and you are stretching AT ALL to get this done.