In today’s economic environment, a big, 30-year mortgage is the best thing you can have.

So in my opinion we needed to become a less volatile market to become healthier, although the YOY looks negative.I feel about the same with the NAR's national affordability index.

sure they cheat blatantly at the casino but the marine environment is stunning.complacency always costs money,

I can't imagine there are any state specific rules about dealing with UST prior to conveyance, even in today's "Big Brother" environment.

There is a great Warren Buffett quote that goes something like this "When a person with money meets a person with experience, the person with the experience winds up with the money and person with the money winds up with the experience " Sounds like you are already skeptical of this potential partner and the fact that you found him through an advertisement should be cause for concern, usually people that are able to provide impressive returns on capital do not need to advertise, especially in this low interest rate environment where investors are getting far less than 1% in the banks.

Greetings Sundeep,I too am based in San Diego County and like you have only recently started diving into the site.One of the common themes I am seeing here is that cash flow oriented investors are looking outside of California to other markets.True, it is much more difficult in the current environment to find real estate opportunities that paper out.

In my day of selling land in a 15% to 18% interest environment it could take years to sell a listing I routinely would not take listings for less than 15% and went as high as 25%.....

If cash flow, while that is technically true, that does not make the deal better just because you place more down.As to the last question, in today's lending environment, for a non owner occupant loan, you will have to place at least 20% down and often 25% is the lender minimum so you should be using whatever number your lender will do.

Not sure if this is a option for you...but you may want to purchase out of state in a better rental environment.

Options:#1 wait till the 3 year mark to qualify#2 get a coborrower will be an occupant or non occupant#3 try to apply for a 2nd FHA loan with your own credit under one of the 4 exceptions for 2 FHA mortgages available if you qualify#4 wait and save till you're more comfortable with the qualifying environment Curious as to what you did?