My Ideal job is Ginger to Richard Davis (for those of you who watch the Trademark Properties shows).

The problem I run into is finding a bank that is willing to give me a decent line of $50k or more (ideally $150k).

With our down stroke that would leave us with a 72% LTV property and 12% going back to our third party management company for reinvestment.

Well, broker I deal with states LTV's are the new FICO scores.

From my observations and experience, I would say that the team members you select should be ideally referred by other investors who you share common philosphy with.

Ideally, in the last few months.

I am just curious....I do understand what you mean...I guess its more of a personal investment as oppossed to a financial investment...I do sleep better at night though and the mortgage/rent money is freed up so I can make other investments...Ideally I should have bought a couple homes here in Ca. several years ago and I would have had alot of equity which I could have leveraged..I need to get myself a crystal ball :woohoo:

I have decided that I'm priced out from buying where my girlfriend and I would ideally like to live (Astoria, Queens) and considering other markets.

That 24K does not included any fixed costs which will drive your profit lower.Deal is too slim for me, but any profit is a success if it is not a major headache.I will partner with contractors to do deal, but the numbers have to work for everyone at least a 20K split is more ideal for me.

I am trying to get all the data I can so that I can guard myself against falling for confirmation bias, then, once I pick my ideal market, I will take my next steps.