I'm concnerned the property is falling in the too good to be true category, but I don't have enough experiecne to determine what is "too good."

We have several credit cards which could be used for some rehab funding, but that would only be ideal with a flip so we could pay them off with the profits quickly- not a rental situation.If we were to get a home for $140K, what would be your approach.

The opposite seems to be true but what else can be expected when generation after generation have lived on government handouts?

I also "pre-advertise" hard to rent units immediately when I know, or even suspect, they will be going vacant.Another site that works well in my local market is the DODreferral.com housing site.It covers all branches of service, all base locations, so families transferring in tend to check it first.Other than those, for free, many hospitals and colleges have some type of online or at least a 3x5 card system board!

In the meantime, he very efficiently found the truly motivated sellers.My favorite part about this story, apart from it being true, is that it demonstrates that success in real estate investing, as in life, is often just a "numbers" game.

Available with fully amortized, or interest only payment.HELOC - Home Equity Line Of Credit - Similar to a credit card, but is secured by your real estate.

This is partially true; they also do this because they want to get as much for themselves as they can!

Then plan a way to generate or buy the required leads i.e. phone duty, open houses, running adds, bandit signs, flyer drops, cold calling fsbos, handing out cards to everyone you meet ect.....Then eat, sleep and breath real estate and you should hit your goal.

You might be able to get away with a small cash advance from one of those Platnium Cards from Capitol One!

The reality checker is that much of what he states is very true and rational.