LOLI would slot "knowing your market" at number 5 (before deciding your niche) and also at number 8.  

I wrote a quick little E book on the does and don'ts of out of state investing you may want to give it a read.. pm me and I will send it along.. nothing earth shattering but a pretty simple little guide that will keep you out of shark infested waters.One thing about the South as opposed to the N mid west or North East is the winter is not as brutal.. people tent to move from cold to warm so in migration instead of out migration.Well except for Californians moving up to the Northwest that is colder and rainer than N ca and S ca...

I like the parachuting reference, I refere to them as sharks.

Go get a credit card, second on your place, hock your watch, title loan shark, I'd say dig up 5K!

We have alligators, sharks, mosquitoes, and visiting Yankees!

In addition, one of the speaker is Daymond John who also happens to be one of the judges on Shark Tank.this was a free event so I signed up.

@Michael Slot - You can offer to pay an agent for a BPO (Broker Price Opinion).

@Anna Fuchs I would be ok with it, because I know that HUD used the 2+1 rule, meaning 5 for a 2 bedroom (doesn't matter the makeup of the family) Sounds like s lot, but with them not there all the time.

@Simon GhandilLinda D.I think it is also worth mentioning here that a typical 30yr mortgage with $3K down would only be payments of about $153/mo - and that is already assuming an extra point or so to account for credit blemishes.Heck - even a mob loan shark at 20% would still only yield a payment of $451/mo...

oh boy, here come the trolls and sharks to help separate you from your 5 million