Quote from @Allison Park: Quote from @James Kerson: @Allison Park: it would be great to hear what differentiated the two listings in terms of the service and your experience. 

I am very new to real estate as well and I am in a similar predicament as you in terms of desiring that handholding so that you don't make a costly mistake.

To do with other ppls money, you need that personal relationship with the money source and then they have to trust you in terms of market research, boots on ground, analyzation, contracting, and exit sale. 

Apparently, this is deeply embedded in terms and conditions (fineprint) when you sign up, do you really read through even single line item?

The best way to get started or increase that flow is to go to real estate investor meetups (@Leka Devatha has an amazing one in Seattle) and also answer questions in the local forums without ever asking or offering help in terms of your business.

I've actually been working with private money lending for a while now, and I've seen a lot of variations in terms and conditions.

That definitely won't help when it comes to trying to purchase a new property with a conventional investment loan in terms of DTI.But yes, in general with every property you purchase with a conventional loan, it makes it harder to purchase another property with a conventional loan given the DTI restraints UNLESS you exponentially increase your income (preferably W2).

In fact, September is nicknamed septi-hambre in Mexico, which means the month of hunger or famine because it's the worst month of the year in terms of tourism in Mexico.

Ideally tho it good to have at least 6 months of reserves in terms of overall mortgage payments.

Hi Edward, I agree that investing in the out of state market may be a better idea in terms benefiting from potential cash flow at a more reasonable price.