You don't need to be under contract to get a proof of funds letter (the equiv. of a pre-qualification letter in the rehab world)...The repair then reimbursement model is prescribed to by most lenders, but there are loan programs that will allow up to a 10% draw in advance to get you started.

Investing at a distance presented challenges and opportunities.Challenges - You just can not follow the same model as a local investor.

I do lots of deals in Texas and Zillow and all other "instant" valuation sources are so out of whack, if I did deals based on their numbers I'd lose my shirt.Another challenge with "instant valuations" is that they don't consider model comps.

I would be new to this and I do not expect it to be easy, but I have a few friends in the industry that might not be able to lend money, but could lend time and their expertise so as to mitigate my risks.I even estimate that I would end up paying $20k-30k in interest over the 6 months and still make a pretty decent profit.Has anyone converted property to condo's in the boston area?

Among the more pertinent parts of my CV: I'm the founder and president of RealData, Inc. a software company I started in 1981 to provide analysis models for real estate investors and developers.

For some reason he figures this business model is more profitable than spending $2000 and keeping a good long-term tenant and not paying the city a $650 fine twice a year for code violations.As I was moving out I noticed a mousetrap behind the stove.

you made sure you stated "for sale or will trade for a newer model...no refunds or returns" right?

Please share with us your expertise & experience.Hope to hear from all you Gurus out there!

SFOs that are going to be used as model homes for the purpose of selling the rest of the property to joe homebuyer (lease-backs).We're already going in on the deal, but what do you all say regarding market conditions over there?

If your risk tolerance or personality does not fit a landlording mentality, then first decide whether the steps needed to be successful in business are your strengths before deciding to spend any money with aspirations of being a successful flipper, rehabber or papa murphys franchisee.Learn first about being a business man/woman first, then make decisions based on your expertise's to decide what business you want to be in before taking the steps.Good luck in your next venture.Mike[i]Steady Plodding brings prosperity, hasty speculation brings poverty...To be a successful investor, you must spend less than you make and then save and invest the rest for a long long time.