I almost at a point where I don't even bother with home inspectors.Some other common issues with older houses, particularly if you will be renting:  lead paint, asbestos, mold (although I find older houses are leaky enough that, as long as the roof drains well, air movement through the building is good and prevents moisture buildup), steep staircases, narrow hallways.But you MUST MUST MUST do a walk-through with an experienced contractor (one who specifically has experience renovating older houses/buildings) prior to placing an offer.  

I live in King, and highly recommend the Triad REIA as a good networking and learning opportunity.

I still work in education, the salary helps me out qualifying for mortgages and I can save all of my cash flow and build up my reserves.

We also have galvanized piping that didn't supply reasonable water pressure because of internal corrosion build-up, so we're replacing that too.

Good evening Juan Jackson,I'm start of as a wholesaler to build up my profile to become an investor and buy properties to rent and rehab and flip.I have a contract made up but I want to make sure that it's good in the state of GA.I'm also looking for "BUYERS"I ran across so FSBO I just have not called yet.Any advice would greatly appreciate it.

It's also an opportunity to build up more reserves, so when things die down, I can do more.

The rate quoted is not dependent upon your credit score, we just need to understand why the score is at that range and has it been improving.Any improvements to the property would need to be paid for with your cash.As we have discussed before, I think you should start with a flip property, maybe even a couple so that you can build up your cash and then use a portion of the cash as collateral for a larger line of credit.

Now you have to ask yourself if you are buying for cash flow or equity build-up. 

As far as reserves, I've got a pretty good cash cushion built up, plus a line of credit in case of a dire emergency.While I haven't exactly budgeted for CapEx, my initial plan was to set all of the cash flow aside in a separate checking account to build up toward replacing the roof, separating the electric and hot water, etc.

I just purchases a 4-Plex in King county,WA on the 13th of this month with a VA owner occupied 0% down home loan.