Be conservative in every aspect.

those are a few of the starter questions I ask, now I'm not one of those guys who can buy without seeing so maybe one of them can add on to this list so we can get better at that aspect as well.

What aspects are you interested in?

I would say that smart rehabbing is very important to the process, but you are right, buying the property at the right price is the most important aspect.

Jimmy,definitely, it doesn't matter if you have a property worth 230,000 and you're buying it for a dollar...well maybe not that far below market :D - but what makes a property a good prospect is if it matches your EXIT STRATEGYthis is made up of many different factors.Your exit strategy (or goal of purchase) is the most important aspect for your investment approach because it establishes your boundries and lets you know exactly where you stand and where you want to go!

I'm just finishing an Architecture program, so I really enjoy the design + build aspect of the real estate business.

He outlines some of the different aspects of exactly what you are facing.

As I mentioned in the other post, I've been doing research on all aspects of real estate investing for two years while slowly building up my knowledge and contacts.

Becoming an REI has helped me in so many different aspects of my life than I ever imagined.

I would love to work with a commercial lender to learn the financing aspect of things.