Also, even though 2 others will be paying my bills, I will still be contributing the cost of the mortgage from my personal paycheck into the same account.I plan to do this until I have enough money and energy saved up to purchase an even larger investment property (think 10-20 units).

You need to become an expert at what needs to be done if you are going to concentrate on fire damaged properties.If you have the energy and the expertise you may try contacting the city you want to invest in to find the owners who have money being held for this purpose.

Now builders have to us energy efficient mechanicals for new builds and they have to finish out the roads per city codes etc.Awhile back a lot of this stuff was open to interpretation.

For the most part, many of them are not very energy efficient, and most of them have substandard cabinets and doors to say nothing about the plumbing and floors.

Besides, if even the "lender" has the money, the "preapproval" is probaly dependent on LTV of 65%, borrower having a great credit score (which hasn't been checked yet) income to be verified, cash that buyer doesn't have, alignment of all the stars in the Big Dipper, closing to be on Easter as long it's a Thursday in September,......

To All......You're Rock Stars and thanks so much again.

I like your attitude and energy!

Once things turn, probably late 2015 early 2016, I'll be back in the US.Until then, unless it is a phenomenal deal that finds me, I'm just not expending the time energy or money in the US market.

Also, despite new home prices and the premium that the energy efficiency will confer on my tenant will make this a particularly rentable home.

Hey Logan, you seem to be new to the game and have a lot of energy so we won't crucify you too hard.