Keep in mind, the homes here are really not that special, most are quite cookie-cutter, we have no moutain views or isolated cabins or roof top penthouses.

My background is in Finance & Engineering and I enjoy the deal analysis stage but am ready to formally starting searching for that first property.

Or in finance terms cap rate>interest rate. 

I looked at a property advertised this way, the owner was using comps for apartment buildings that had pools, in-unit laundry, gyms, rooftop decks, etc.. but trying to sell a rundown 12 unit building, no laundry at all, no pool, gym, or anything, but telling potential buyers rent for 2 bedrooms in the area are comparable.3) Make sure to take a look at the leases if you're going to try going the route of not renewing leases, then doing a rehab, and lease-up at higher rents.

That said, we have our application in finally.

Because lets be honest with ourselves for a second here, syndicators who yell from the rooftops about their track record, ask them when they started syndicating.

BP even gave them a pod cast but once BP learned of this carnage they took it down.. so good for them.the local Pm's there are doing their best.. but they are not miracle workers. you basically own a home that a wholesaler sold Morris or Ocean pointe for 5 to 15k max and then they sold it to you for a big profit. don't beat yourself up there are litterally hundreds who as others have said got conned by this company they have since started selling in Jacksonsville FLA and i hear the same stuff .. and other markets.the Model is buy the absolute cheapest homes in the absolute worst markets.. then sell to sight unseen investors at a dollar amount that is so low as to get folks guard down.. then for whatever reason when rehab funds are sent the houses are not rehabbed.. there has been claims by others that rent was even paid on vacant houses. giving the buyers the illusion that they had a finished product and secure investment.. only to find out it was a sham.. house vacant and trashed.. the buyers really need to do a public service and shout this from the roof tops along with other remedies of law.. this is giving a very bad image of what out of state investing can be.. it hurts the good people in the business.

My background is in Finance and Accounting, but I have been looking to branch out into the world of real estate investing for awhile now. 

I am majoring in finance as of now, but many people have suggested marketing.

He then said he was going to report me to the town for unpermitted work, that  I had multiple violations that would result in fines, that would not allow me to refi and sale the properties and I would go bankrupt.