There are always deals to be found, but they are very difficult to uncover in this market... especially down here in the wiregrass area. find a good realtor in Enterprise and Dothan.

(Actual %, friend is a realtor/manager, gives me a great rate on properties I buy through him if they're in a good area)10% Maintenance/Repairs -- ($165/mo.)NOI -- $12.4KCash Flow -- ~$40/mo.COC -- 3.5%Cap Rate -- 8.6%Total ROI (Including Principal Paydown) -- 45% in first year (goes up in subsequent years with additional principal pay down)I think I did well for a first buy.

How much the buyer subsequently puts down does not change the quality of the deal.

In New Jersey lien go over $5K to $10K premium hoping that investor will have chance to collect 18% interest and penalty on subsequent payment.

There is a five year ownership rule that applies to investment property initially acquired in a 1031 exchange that was subsequently converted to a primary residence. 

The fundamental guiding principle, which guides the initial purchase and all subsequent purchases is what has made Warren Buffett so successful and what you can use in real estate as a basic foundation to your analyses and purchasing strategy.

@George Smith, that particular problem will go away, if your rehab is so good that your Lender's subsequent appraisal becomes $146k+, rather than $130k.ie.

However most businesses need additional trade references that will grant credit and report to the credit agencies.Some helpful business sites on building business credit: * Wells Fargo Small Business - Loans and Lines - Comparison Chart * Report on the Role and Function of Credit Rating Agencies * FTC FACTS * D&B Small Business SolutionsSome of my students have use this site with some luck (I know nothing about the service)Business cash advance - http://www.amerimerchantcapital.comSome other help tools * National Business Association http://www.nationalbusiness.org * Small Business Information Center/Research http://sbdcnet.utsa.edu/SBIC/industry.htm * Urban Redevelopment Authority http://www.ura.gov.sg/ * Black Enterprise Online http://www.blackenterprise.com * National Black Business Trade Association http://www.nbbta.org/ * National Black Chamber of Commerce Inc. http://www.nationalbcc.org * Small Business Information Center/Franchise http://sbdcnet.utsa.edu/SBIC/franchise.htm * Unites States Hispanic Chamber of Commerce http://www.ushcc.com * KeyBank's Website Women Focus Section http://www.key.com/women * National Education Center for Women in Busines http://www.e-magnify.com

Linda, yes, the amount of money made relative to other income, the time devoted to the activity, the frequency of dealings and any entity exclusively dealing in notes can all determine if you are investing or if it is a business enterprise.

It was in very poor shape & the majority of offers included the need for conventional financing that subsequently denied it based on the poor condition.