Your card should give your VITAL STATISTICS/CONTACT INFORMATION, only!

Scores are negatively impacted by events such as late payment, incomplete or partial payments, defaults, and judgements or liens, and range from 300 to 850.

and all that with a minimum amount down that won't negatively affect your future investment plans, or fail to leave you with contingency cash.

I own a house in South Dakota but live in Oklahoma now.I have a negative cash flow from this house of about $150 month.Do you think I should hang on to this house for a while to see if I can turn a profit, or am I just trying to hang onto a lost cause?

I have a negative cash flow from this house of about $150 month.

One thing to watch out for is Negative Amortization.

Since your rent may be fixed for a much larger period of time, a sharp rise in interest rates can cut seriously into your cash flow (or even turn it negative, potentially); and (2) higher interest rates will drive cap rates up (since buyers will need to be able to cover the mortgage with a higher interest rate).

But factor in people doing midnight moves and you might end up with a negative cash flow.

Welcome to the new world, it's called verification---something being taken quite seriously these days (in the wake of the national statistics on foreclosures and loan buyback issues that flatlined 60+ lenders)...Your past full doc experiences are now irrelevent---the game has new rules...

I want to learn as much as I can about the various elements of REI and rehabbing, as I feel I should be as prepared as possible before getting myself into what could be a huge risk with big negative consequences if not handled correctly.