Hey Guys, this is my first post and I’m hoping to hear from you what works best when looking to acquire properties before foreclosure auction.

I am looking for advice on how to succeed at flipping and acquiring rental units while simultaneously rebuilding my credit up to excellence. 

  (3) If you are able to live in the small MF that you are going to acquire, consider "house-hackng" and getting an FHA owner occupier loan with 3.5% down

Honestly, my goal is to buy and hold, acquire rental properties.

If you decide you want to manage other people's properties, you need to become a real estate agent and work for a brokerage that does property management (you'd be surprised how few do this since there is such a large liability like Tony said) but once you can acquire your broker's license you can go off on your own.

If it was spent before acquiring the property, the tax Court has mentioned the best you can do is take a deduction as Startup expenses up to 5000 and capitalize and amortize the rest. 

Hypothetical transaction with easy numbers:1) Seller acquires property for $100K.2) Sellers rehabs property for $25K.3) Seller sells property to buyer for $200K via seller financing4) Down payment $10,000.00.

But I’m not sure what my situation would look like if I did acquire more debt. 

However, as I have acquired more units and grown, I want to make sure I am not turning away too many people and leaving a unit vacant for too long because my rental standards are too strict.I would like to see how many of you accept co-signers/guarantors and in what situations?

Mainly have interest in acquIrIng a multi family rentals , also flipping houses, WORKING with PRIVATE MONEY LENDERS .