. - granite colors will change but solid surface counters are here to stay, doesn't matter what they are made of. - those vertical glass backsplashes, separate wine fridges, and drawer appliances will definitely date a place.

My wealthy, old landlord friend gave me some great advice a long time ago, "The whale that surfaces gets harpooned."

For your first investment, the best thing you can do is team up with an experienced investor to help walk you through the process and help you get some skin in the game.

I would suggest networking and considering partnering up with an experienced investor to help you get some skin in the game.

I was pretty shocked as obviously race or skin color had nothing to do with it.

From a surface view it would appear there are "no rentals available in the area" (therefore, little or no economic opportunity for rentals) Investment homes in these areas are leased quickly, with multiple applications at elevated rental rates.

Another one I did, I was not going to do much to increase the value so I put 15% down and the seller held a second for 10% so that I had some skin in the game.Also keep in mind that it is hard to cash flow something that's 100% financed.

I told him he might be better off pursuing this on his own as he would have all the skin in the game initially but he insists on me helping him and holding him accountable.

The bank will then loan you up to 80% of the total cost so you would have to have some skin in the game and they are not going to front you any of the rehab money but will release it in draws once work is being completed.

Thanks for the comment about the flak - I've got thick skin, no worries there. :)@Vincent Crane your comment about city/permits/etc - the tenants aren't Section 8.