Just as I though I had a good grip on what I would be looking for, I was now struggling with wondering where the heck do I begin.

I think thats the part I am unclear on....the exit strategy.I am getting abetter grip on how to structure the deal, but not too sure I understand what makes an offer attractive vs not attractive.Thanks!

I think they all eventually just kind of keel over dead in front of the TV gripping their Budweiser can, never to be heard from again.Not that I do a whole lot of rehabs, but on the few I do every year, I only looked at them twice; once when I closed and walked it with my contractor and again when he says he's done so I could do a punch list.

Perhaps the bulk-buyers in your market have gotten a tight enough grip on the inventory to give the Asset Managers a breather.

Except for the toes, which obviously remember to grip the ground...

There are such awesome people here.Take your time William---I mean, the houses and deals will still be there---it's better to have somewhat of a grip on a plan and then move forward.

Hey all,I'm preparing to purchase my first 3/4-plex and have read a few books so I have a good grip on the fundamentals, but not much "street knowledge".

A HUGE part of the costs are the lot preparation costs, permit fees, and the school tax really actual construction costs are more like 60-70/sfBUT this is greatly due to taking all of the general contractors markup out, paying him only daily to be on site for framing and roofing and paying him instead of an expensive architect to draw all the plans in autocad(other generals pay him to do this for them) He is getting older, it is a nice setup for him, saves us money, makes me more money as project manager (I get paid out of labor allowance for days I am supervising jobsite) and saves our owner/builder a grip of money allowing him to get a decent return from the investment. which for our area is amazing because you can't really build for profit right now unless you are a builder.

If you gripe and complain, he'll grip and complain. 

My financial goal is to be making enough investment income within five years so that I can at least step down from my managerial position with my companyI admit a lot of this process is very daunting to someone who's never purchased a house even once in his life, but I feel confident, with the support this community gives, I can find the courage to take the plunge past the plague of inaction that grips so many.