But, without a defined need for the structure, in this case it's been challenging to create a business for the location at a cost with a positive ROI.

Noob, could you define what you mean by situation?

I would love to get going as soon as possible but i just do not know how, so i am going to be reading books to try and learn the ropes.i greatly understand that learning first hand is like no other teaching i could have so i definately want to do this before college. i actually wanted tobuy an acre of commercial land now and put 10-20 self storage units on it, and run that while i was in college, just for the experience as long as i didnt lose money, atleast not a great amount. my dad however wont help me do this, and i dont know how to do it on my own.i am applying for my first credit card next weekend, so i can start building credit.

But they all use the same principals of "The Law of Attraction" as their underlying message.You can use "The Law of Attraction" to attract more than just money, but money can be a great marketing tool :).Really what they help you do is become successful, and successful can be whatever you define it to be.

That's also the way I think of it - $12,000 a year (mine is a duplex at $525/mo per unit) is definately worth about a week of work a year.

Be mindful of title seasoning issues specific to the lender you work with; a majority of conventional lenders require 12 months, but there are a handful of cos. that offer <12 months/< 6 months/no title seasoning to address this component of your plan.

I will definately use this as a part of my strategy.

The proposed rule would build upon those efforts by specifically addressing how HUD will be empowered to penalize lenders who fail to successfully engage in loss mitigation techniques and by specifically defining the criteria used to evaluate a lender's performance.

In your shoes though I would definately be on site probably every day, or at least most, unless somehow you just happened to find the most timely, trusthworthy, selfmotivated, self directed contractors in the world.The only longer term contractor I've outsourced for this one is a plumber, and I'm on my third.

I have the cash and I'm definately buying the house but I'd like to some inputs about the mortgage.I know there are tons of books, videos, etc. on no money down mortgages but I'd rather hear from real people wanting to help out rather than fanatics trying to sell me a book.