For networking with wholesalers, my best bet not knowing any better would be finding whomever I can on BP and checking out local meetups, then seeing how many of both of those I can cram into a short trip in Indy.Do you use a web tool for comps, or do you know your target areas well after a few trips?  

Not that it's a reflection on his law practice, but I've seen how if we don't control what the world sees about us on the web, someone else will!

Not picking on you but there ws some homework you didn't do along the way and I would bet he was not the most expensive guy.

@Andrew ElmasriBelow market rents - get the rent roll from the broker/seller and compare it to rentometer.com and your study of the market rent for that property and locationOvergrown or not maintained landscaping - easy to spotDeferred maintenance on the exterior facade - easy to spotNo online presence or marketing (word of mouth or signage only) - google search for the property...see if vacant (or not vacant) units are marketed (usually on hotpads, trulia, zillow, web site, and many other sites where landlords market.  

I currently work a full time job in IT, take night classes 8 hours a week, and do web development on the side (which will hopefully wrap up in the next month or two).

With any ARM, you're betting rates won't increase, yes cash flow can be better, so long as rates remain stable, but if not, you can be underwater.

ARM's can make sense if you're a flipper where there is already a very short holding period and a significant holding risk because you're betting on the market being there when you sell.  

I bet the listing broker (who owns my office) a bottle of scotch that it wont sell for $40k or above.

Jay, I'll bet you could take a Newbie who is willing and able to work at it and show them The Way and make it relatively easy for them to get there, because you have, "been there and done that!"

yeah i agree with stephen l, you don't need a lawyer to file for LLC here in the red stick, i had to send $100 filing fee to have paperwork registered with sec of state web address to file online is sos.la.gov just type it just like that, i also had my bank file for my EIN when i applied for a line of credit application just have to talk to your local bank that you deal with real nice and they will work with you, the 1 i deal with is capital 1!