I think that note is also going to need a significant discount to account for its long term, it being underwater and it being so fresh.

Multiply that by dozens of new investors fresh out of a Fortune Builders or Montelongo 2 day free seminar, and the local hard money lenders get deluged with "I'm looking to build my power team, what are your criteria?".

The fact that the interior is freshly painted makes it much harder to see evidence of prior termite activity (same with the "new" floors).

But I never did a proper introduction that posted successfully, so I figured I'd do one now.Quick facts:39MaleHappily married3 kidsFormer militaryWork in Northern Virginia/NoVARead Rich Dad, Poor Dad in college, loved it, and didn't bother pursuing any of its tenents or suggestions until a few years back :)From a real estate perspective, in January 2008 I landed my first real civilian job after spending the previous seven months homeless, unemployed, and freshly divorced (it was a culmination of bad luck/decisions/timing, and leaving the service to boot).

I bought a duplex, have it rehabed, clean, fresh paint, decent neighborhood, price is right, but no serious prospects.

It would complicate the situation more if you did.Once you have the property, make a fresh start with the tenants.

. $300 over asking on a fresh rehab for 6 months.

The initial walk through revealed minor cosmetic repairs are needed and was after a HARD lengthy rain of a day or two.

After a few months of introspection and some minor prodding, I decided to drop what I was doing in DC and start fresh in real estate.

It is another to pay for a random coach who could be another student fresh out of the program.