Thanks David, it would indeed be scary if my property is the only one left that B of A is right side up in :)I would think there is someone out there that would loan $600K on a first with a 50% +/- LTV with a strong FICO.......but no income??

It goes without saying that the FMV is something I need to research more before I dive in. I

Or a net listing - as in I give you XX for the property.

I would think that making 20 or 30% of a deal anyone of his Realtors brings in is still 20 or 30% - regardless if the Realtor does 100K in sales a year or 2 million.Am I missing something?

The fees on these smaller properties are steep (as percentage of investment), so having to do it twice is tough to swallow, but its looking like I need to plan that in. I

Just as a side note - Tacoma, WA is flooded with investors looking to rehab properties and it is very easy to assign a contract on a house that is available in most parts of it (including the area this house is in). I

Finding deals to invest in is really much easier than people make it.

When I started getting rent checks coming in, I suddenly lost my need to pay 5 grand for another group hug session around "The Secret".

Then I shove dirt under the walk and wet that whole area to help it settle, then shove more dirt back in. I

It's not popular to say that the fantasy we're living in is going to burst.