With skinny cash flow, a few unexpected repair bills or bad tenants could put you in a rough spot for cash flow.

This has been a great place to learn & network, If you have the time do a podcast marathon, or download them to your ipod & listen to them throughout the day.  

Even with skinny cashflow now, an appreciating asset you are paying off with be a huge asset for you and your retirement income down the road.  

Here's the skinny...Pre-Foreclosure - FHA loan @ 59,872 balance(7 months behind on payment - Co borrower passed)After FINALLY getting through the Signature Authorization approval process they have at US Bank...

Also, I mentioned this at the BP meetup last week, but here's a link to the "Monthly Skinny: July" posted by the MinneapolisRealtors group on YouTube.https://www.youtube.com/watch?

@Mark Smith Here is the skinny on FHA loans:* Down payment - 3.5% down min - you can do more, but it does not help with rates* Funding fee - 1.75% FHA funding fee to be paid at closing.

Also why do you think the profit potential is skinny?

However, here's the skinny...Purchase Price: $40kHOA Fees: 1800-2000 per YearTime: 2 Week Lock Off Premier TimeUnits: Studio with mini kitchen including cook top, 1 Bedroom with full Kitchen both balconies are Ocean facingRents for 2500 - 4200 per WeekThinking of purchasing for cash.  

I coach lease options so here is the skinny on FLIf you want to do one or two lease-option assignments or  wholesaling lease options, you're probably not going to get a lot of complaints from realtors and brokers about brokering without a licenseThe big thing in Florida is advertising properties for lease option if you don't have title without a licenseYou want to act as a principal not as agent for or as an agent; with license you can act as a principal and not "agent for" the department of Florida real estate want you to be licensed if you're doing lease-option assignments even if you are a principalIn a sandwich, staying in the middle, if you can have 3 months reserves in case the tenant buyer does not pay and you have to evict, that is prudent.  

Practice controlling real estate with a skinny contract subject to assignment.So if you control a property (using all the right clauses) for $100,000 and you find an assignee for your offer at $130,000; you make $30,000 without going to settlement, without a loan, without a hard money lender, without settlement cost.