He just recently did a job in Miramichi, so if you're ever in need of that kind of work, give us a call: [Moderator:  removed URL to personal business site]We hope to do another RE project in the coming months. 

So Instead of taking strides of moderation, I drove 2300 miles to put myself in new situations, to change, to grow, to live!

@Steve Vaughan  another SV brilliant post.. that's why I don't pay cash for my cars anymore I used to .. with 2% or less money out there.. and I am going to drive them one way or the other.Same with airplane.. less than 5% money fixed for 20 years and UBER write offs.. no sense paying cash for those.. this is why you have a private aviation and jet industry to begin with.. and heavy equipment for that matter.. you can buy a multi million dollar plane with 5 to 10% down and fixed for 20 years .. with moderate qualifications..

I've always had a taste for "expensive" real estate but as I got older I've also been attracted to rehabs because I can put my own vision/taste into a place, and also have developed an interest in passive income.My goal is to be able to go a day "without working" the idea of rehabbing homes, managing properties seem more like fun (to an extent) than work to me, and the best part is two friends and myself are thinking about combining our efforts.We had no idea the three of us were all into real estate besides one of us who is a Real Estate Agent.We probably dont have as big as capital as others, as were moderately young - so I thought I'd come here to find out where to start small.I'd assume we would start with "flipping" as we dont have the capital to own a rental property - nor could I figure out a way to make rental properties work while having a loan.Lastly I took the initiative to finish a book I bought a year ago called "How to find, fix, and sell houses for profit" by Rock Villani and Clay Davis, and I'm also planning on picking up the How to estimate any Rehab from this site (forgot the actual title excuse me)Thanks everyone! 

There’s down time during the day, but it’s usually about 15minutes here and there that I’m able to spend reading REI books or listening to podcasts, but I’m extremely limited as far as being able to schedule property visits and things that require me to be physically away from my desk.At first I thought I’d try to get a moderate, 4 unit rental property, but I wasn’t sure of the location I wanted to invest in.

@Ali Boone Confirmed that this property is in a low to moderate risk flood zone.

If I were you I would sell everything now and park the cash in a moderately aggressive fund and live off the income.

For instance if you tell them that you want to provide housing for low to moderate income buyers and section 8 your building, you might find yourself between a 0% to 3% range of financing.Note: That all HUD programs that are FHA backed require that you pay a mortgage premium that is equal to .5% of the loan balance each year, in this case somewhere around $60.00 a month.

[EDITED BY MODERATOR, No solicitations in this forum, please.]

Not sure if this is the right place for this post.If not,moderators please move it to the proper forum.Ok I have a HML that only lends on the As Is value of the property,they don`t use the ARV.So my question is How do I determine the As Is value before repairs?