I see this as a mutual fund really, since I do not bet on a single big project (but I do bet on a single 2 man person company to execute)2.

You win some...you lose some.

From the amount you have in saving, I would bet that you have actually been living on significantly less than your income.

Only information i was able to obtain was that i needed to bring 20% of the winning bid "Certified Bank Check" and come up with the remaining amount within 30 days.

You are the one that puts deals together in a win-win-win fashion for all parties.

But I met a father son team at investor meeting and they are buying up city houses and rehabbing them beautifully to rent or sell to another investor..Its win win as homes are being rehabbed nicely and there is a decent profit margin because these homes in the city are low cost to begin with.This particular multi family was a Craigslist ad..Thanks for your reply

I don't know the rules for FHA loans for multi family, but if you can swing an FHA loan and pay that 3.5% down, that is a win.

You will lose more bids than you will win, but if you stick to your plan, you will be successful.Eddie

I think we can win it this year if the team can stay healthy.   

That was over a year ago and I bet it's even worse now since there are fewer houses for sale.