(Doctorate of Psychology).

In fact years ago a local Doctor wanted to rehab & expand an old run down bungalow for an office & heard there was going to be a court injunction filed to preserve the building.

I would suggest searching through the forums for that specific topic as both have been discussed in detail on the forums.As far as finding deals, you can get access to MLS, you can direct market to motivated homeowners, you can build relationships with agents and brokers who can provide inventory, you can buy bulk, and the list goes on.As far as finding private investors, I always recommend that one start with those they know - family, friends, co-workers, dentist, doctor, CPA, neighbor, parents from kids school, etc.

What might work for some will not for others based on their situation and goals.For instance many doctors simply buy things to reduce their tax base.They also form syndications to buy big properties in a group.For them they are already making a ton of cash and just want reduced taxes as the primary and the other items are secondary but still important.There are many people on this board that specialize in different types of real estate.For instance I couldn't tell you jack about buying industrial or office properties because it's not what I do.Why do you want to invest in real estate should be the first question??

It is not uncommon for a passive investor (professionals -doctors, etc.) to consider less than 10 percent.

@Nikki Grizzle I think you put up a really good post for new investors...It's like any other professional service you get--you're not going to hire a domestic attorney to draft your will or an eye doctor to operate on your ACL.

Every home inspector sees things differently, and every contractor does the same, just like any doctor will diagnose a rare illness differently, or some attorneys will look at an easy case and some find it losing.

@Jason D. looks like youve got it handled. i work for a large appraisal firm and we always ask our clients for a list of improvements and a rough estimate on how much theyve spent. we scan this document directly into the report. some of my appraisers find it annoying when comps are provided (like going to the doctors and saying this is info i found off webmd) but most dont mind as long as theyre within criteria (distance, time, gla, etc.). make sure all your safety items are in check (smoke det, leaks, etc)

(Doctors love to invest) I Look forward to making many connections with the members of the BP family and possibly meeting face to face. 

BofA is very aggressive on Jumbo loans & offers best rates for high net worth/income individualsRecently a Doctor client of mine closed with 7-yr ARM at 2.875% ,25% down on a $1.7mil home