Ok, closed my first wholesale 2 days before the first and have 2 more under contract, I did say a little.

I thoroughly enjoy reading what the BP community has to say. As

I cant imagine how the people must feel who bought into the $41,000 plan , I will say a prayer for them .

Say a home is listed for 50k, how much more play would you feel you had going in cash, does it really matter?  

I'd say, as a psychologist who has bean through nearly 20 years of formal education, I feel pretty confident in my writing abilities and would be more than happy to assist others in that capacity.

Just wanted to say a big thank you to everyone from the Des Moines, Iowa Meetup group.

Yes and dropping hints puts your lender in a professional  pinch, I suggest you not say a thing and if you're guy is in Lee Summit, he could well end up with it anyway.

However if you buy in LA, say a normal house of 3/2 at 400k (80k down), then you expect to rent it at 800/room that's around 2,400/mo which typically covers only mortgage and maintenance, in short enough to break even +/- 200/month.

Question:If, let's say, a 2 bedroom 1 bath rents in my area for X what kind of rent drop-off would there be if I (from downstairs) will need to use this kitchen as well?

Just keep in mind that I'm pretty new to this game, myself, so don't take what I have to say as the final word on the subject. :)Generally speaking, most great investment deals don't come from the MLS, and here's why: most MLS properties are tailored towards consumers, not investors.