I have funds tied up in other projects at the moment but my inbox is FULL of solid deals.We are familiar with some companies that do this.Som will only do first position loans so in many instances you need to refinance out through them and it can get expensive if you ahve a low interest rate.

I personally like mean Jay better :) Yeah for the past month I've been wondering why Jay seemed familiar.

You can get a shorter, simpler one drawn up by an attorney, I know some guys use a nice clean 1 page doc, but if you're going to be doing a lot of business in Texas it's good to get familiar with the TREC forms.

I am familiar with the Philadelphia market and neighborhoods where units trade at or around $115K/door.For this to be a true 10.5-11% cap the monthly income should be ~$10,750.00 or roughly $1,800/unit.

Maddy, I am very familiar with the Gatlinburg area and Chalet Village.

I would start looking at listings and familiarize yourself with these markets. 

I'm not familiar with Maverick; I have been impressed with (although haven't yet invested through) Norada, which likewise connects investors with turnkey providers in target markets. 

Estimating rehab costs can be tricky at first, but once you get familiar with the basics, it becomes much easier.

@Elizabeth Ross - make sure you are familiar with South Bend - houses for under 100k in South Bend can typically be in pretty rough neighborhoods, so be sure to do your due diligence. 

I have had permits in other jurisdictions be quite easy.My view is I would let someone familiar with the process do it unless you were planning on applying for many permits over time.