The lenders have been screwed around no much with pretend buyers or flippers that they appreciate the big deposit .

Plus my wife and I even before getting into real estate investing would go to open houses and tour apartment complexes (pretending we needed to move) on date nights.  

I don't pretend to know it all and still invest substantially in my own education, both in terms of time and money.My mailing today is mostly targeted to legal and government officials who I've spent years cultivating and nurturing.

The whole redemption bidding/upset procedure you have there definitely throws some wrinkles into it, which I don't pretend to understand.

I make roughly 65k a year and have been saving for 2 years with about 20k to my name and am tired of living mediocre and want to invest into rental properties but am a total rookie and I will not pretend otherwise.

@J Scott I am 100% new, so I'm still emphatically reading forums, listening to podcasts, doing pretend calculations on properties in my area.

They have been floating along the river enjoying the views and pretending the crocodiles aren't circling the boat!

Don't pretend to be anything you are not.

Question 1: What loan - you didn't specify you had a loan in your example.Making assumptions, using your example, and pretending you put 20% ($5k) down on the home and have an original $20k loan:Fix up house, house now worth $50k. 6 months - 1 year from now cash out refinance. 75% of value = $37,500 loan, $12,500 left behind as equity in the house.

Pretend I'm placing it in the market place and you were the buyer, what would you want to be told?