FNMA notes take subject-to are a far better source of capital for those that have used all of their own FNMA bullets.

What I'm getting at is many investors look at a $35,000 house in a undesirable area (no, bullets don't have to be flying), see that they can rent it for $700/month and believe they've found a helluvadeal.

I know this is not a magic bullet solution, it is just what works.

I don't know that this type of clause is legally bullet-proof.

I spent a year and a half going to graduate school to get an MBA, but that isn't a magic bullet for success in business.

He may also enable you to dodge potential bullets by pointing out small things like, "This roof will create a 20' tall attic" (Seen it happen on a job where the owner tried to save pennies by designing the house themselves), or "This window is too small to meet the City's egress code, which exceeds IRC requirements"

Try making bullets beforehand so you are sure to collect everything you need during the call.

Lastly, remember you only get 1 FHA bullet.

I've found the low prices and allure of large profits and improving the area from such low priced property is an illusion and the savy investor should consider areas with better economics before placing high risk bets in these areas.Here are some bullets on lessons learned:- If you have debt service and tax payments, you may not have time to wait and find those housebroken tenants as your expenses clip away.

He said he can assure me that their lease is lawyer reviewed and bullet-proof in that county (I am out of town) so they don't change anything.