Engineering teaches you problem solving, and problem solving is the key to succeeding in real estate.With all that said, I'm also an advocate of doing what you love and just diving it.

Aside from the refinancing, and depending on the location, they'll probably be worth more as individual units that could be sold to owner occupants.

Hvac, individual or chillers, when replaced.

You can certainly learn a lot here but with your background (very impressive) I'm sure you can teach people a few things as well.All the best,Michael

Prior to this, I only purchased individual notes.My real problem is that my friend and attorney died.

To close, I say great credit because some individuals credit was minimally lower due to having such a high credit score before the short sale.

If you get many off-market properties or "pocket listings" in the Bay - you could be a very in-demand individual..http://www.biggerpockets.com/forums/521/topics/114766-east-bay-meetup---wed-2-16-14-in-oakland

In this case an individual and his wife owned interest in some (5) LLCs, and presumably other property (like their house) that ultimately went under because a bank won a judgment against them.

Hello,

I'm entering into the world of residential home flipping and wanted to get all of your thoughts on what you prefer when financing the deal.

Hard Money?

Use your own capital?

Bank?

...

Only way to change this is to get some like minded individuals on the Board and have them change from the inside out.