This can cut out many good deals as local investors are ready right away to put under contract when a property hits the market.A seasoned broker/agent should be qualifying you the investor.

It will be summer before we have it ready, so that 50% will take them well into the heating season - probably to mid-December.

I eventually want to find a mentor to help guide me through the process, but I have had little success networking at local REIA events, most likely because I am young and seasoned investors just dont have the time deal with every newbie that comes and goes.

remember you will most likely only be able to base the loan on the purchase price (200k) due to seasoning requirements.

That is referred to as title "seasoning".

There are different seasons in your marketplaces, as well as in the economy at large, and then in your own life.

If you do quail you can do dove also, guys pay almost as much and here the season is different.

You don't have deep pockets coming in and throwing up 300 units in 18 months right next door.I know in another post you asked about investing in other markets, personally I think that is only for the seasoned investor.

You need to wait 6-12 months (depending on lender) for the property to season before the bank will use a new appraised value.

If you use a higher interest rate loan and want to refinance later, check with portfolio lenders to see if they what type of seasoning period they require.