It'll get trashed and then you'll be the one letting it go for 25-35k and it'll get picked up again and sold to someone else OOS for 70k ....

Pick a single business bank account and start running all your income through that account. c) >24 months, Fannie opens up (typically) once that 2nd year of tax returns is filed and processed by the IRS.If you do a or b with the plan to refinance once you hit c, make sure there is no early payoff penalty.

You can run the numbers before bothering to pick up the phone.

Here are the numbers:Original Loan Amount: $ 42,700.00Loan Origination Date: 12/09/2013First Payment Due Date: 01/01/2014Last Payment Date: 9/27/2018Current Loan Balance: $ 41,802.77Current Interest Rate: 9.900%Current P&I Payment:$ 371.57Current Escrow Payment:$ 30.43Maturity Date:12/01/2043Term Remaining: 302Loan Type :CFDFMV: $87,500The WorkoutWe picked up this asset for $18,500 ( 44% of UPB)Expense Cost: $2000 (Includes, servicing, initial due diligence, forced place insurance, back taxes and misc)Contingency Fund $2,500All in Cost= $23,0008 Months of Payments = $2968Reinstatemet fee from borrower = $2000Total Income received $4968We sold this property after 1 year as a re-performer for $35,500 (Approximately 85% of UPB)$35,500 + $4968 = $40,468 Total ROI = 76%We're excited with how this one turned out and can't wait to see what we will do with our next one!

So I currently work for a construction company.. cold calling jobsites is how I piCk up most of my new work and leads.

People pick where to live because of location. as a past realtor and current Painting contractor I can say don't ask would i live in it ask who would and what do they need. always put yourself in a place where it is easy for you to help. ask where do i need to go how can help then when can I start.

From what I've picked up, it seems capital is the hardest part of all of this, and once you understand that game, the rest should move fairly smoothly. 

Pick something/somewhere that people WANT to live, rather than have to live.

@Lu Chen Careful picking a market!

I have one rental currently and want to pick a couple more good ones.