You may have decent cashflow for a whole year or two and then get hit with holding costs and CAPEX that you have not planed for.  

so he planed to assume the original mortgage and then seller finance, cash flowing the difference?

I used to work in a bank as a lender so am familiar with that end of the process.I do most of the managment and maintenance myself.Have been considering some investment in Nicaragua and am planing a trip there for June/08.I look forward to meeting others in my area.Ken

I'm trying to evaluate a potential deal involving a 2.2 acre lot located in a flood plane in Harford County, Md.

I am planing to do short term deals to start such as wholesaling, rehabs and fix and flips, but if I venture into land-lording, I will probably try to target this segment of the market  This is just part of my business plan, but at some point I can foresee some value to adding it to my arsenal.   

Please help me to analysis deal in Memphis TN. 3 Bed, 2 bath, 1200 sqft 49000k - need cosmetic fix for 2000$. i'm planing to fix and rent for cash flow. i appericate all your comments and help for the same. 

Well let's see ... buying a property when you don't yet understand the dynamics of real estate investing, in a market you are not familiar with, paying retail price, with no value add, and then turning it over to a complete stranger giving them complete control and trust to make or break your investment for you and keep your financial interests at heart above theirs, in a market where you'd need to hop on a plane to visit if heaven forbid anything went wrong that your PM couldn't handle and in all likelyhood caused (but never mind, that could never happen) ... yep, sounds  like a solid plan to me.That's not even to get into the economic fundamentals of supply and demand and risk adjusted returns.

I would not recommend investing in any C or below properties from a distance, and I have seen first hand some marketers listing C properties as A or A- in my own market, so be aware of that possibility and take a quick look before you buy a plane ticket ;)If you have any questions about the turnkey model or the market down here in Birmingham, feel free to reach out any time.Best of luck!

I would advise the cost of a plane ticket and some vacation time if you really want to invest long distance.

I have done a lot of research and listened to many experienced investors and it all points to great opportunities in other states around the country.What is the best way to put together a team that can do all the parts to a successful flip from my place without having to get on a plane and checking up on it every weekend?