I have been given the opportunity to run with the RE/MAX Racers For life, individuals from my office that have been directly affected and I am looking forward to the challenge.

You will face different challenges obviously, but you don't have to be a slum lord to offer low income rentals.

The biggest issue the 2 of you will be challenged with is how may properties you own which are financed. 10 financed properties is the limit for full doc loans and 5 for stated income verified asset loans.Cash Out refinances under conforming guidelines are nothing special.

I know people make Real Estate Investing seem like it's magic but money isn't just going to fall into your pockets because you want it to.If you really feel that this is your path (and I would challenge you to answer *why* you believe that is the case), given that you have no resources, I would go to your local REI meetings and hook up with others.

The next time you are working a deal I would challenge you, that when faced with a potential problem that you "seek solutions".

Yes, like many have said everything is partly speculative but flipping(rehabbing) is not pure speculative, nor 70% or whatever was stated.Speculation:(Encarta dictionary)1. opinion based on incomplete information: a conclusion, theory, or opinion based on incomplete facts or information 2. reasoning based on incomplete information: reasoning based on incomplete facts or informationmere speculation 3. risky transaction: a financial transaction that involves risk, but is potentially profitablea failed speculation on a dot-com 4. making of risky transactions: the practice of engaging in financial transactions that are risky, but potentially profitableThe later two is the better of the four definitions, in this instance rentals and flips have the same amount of speculative nature.

Many of these properties are something I would be interested in investing in - with the proper discount.Is there some process or technique for engaging a bank in such a situation to discuss a multi-property purchase?

ITs always a challenge...

The process can be challenging for many consumers but you can benefit from the assistance of a trustworthy and knowledgeable person, such as REALTOR Michael Saad.

Learning to run a business properly and profitably is the challenge.