Loan costs are minimized since I only have 1 conventional loan, not 2 (if I had initially purchased with a loan). 

My initial focus is on Residential Investment opportunities including Wholesales, Rehabs, Lease Options, Foreclosures and other creative investing techniques.

I knew it wasn’t a great deal… I expected at least $40 back for my barely used game... but it was convenient… also, maybe I wanted some money towards the next best game, maybe I just knew I would’t play that game anymore… maybe there was something else I really wanted to buy asap and needed any additional money I could get....Perhaps that’s a terrible analogy… but my point is, you’d be surprised how low people will go, regardless of what their initial asking price may be.

Troy, we aren't currently expanding our portfolio due to other expenses in our lives, but we still have the properties we initially bought.  

We weren't able to get into the property initially so we gathered on the front steps and talked a little about the group and did some introductions since we had MORE NEW MEMBERS!!!

So it sounds like for initial valuation--for instance, to see if it's even worth it to go look at a house--you do something like the 50% rule, and then when you're ready to purchase you do your due diligence and find more accurate values (what you should expect to see once you own the property).

This way, the initial cost comes out of their pocket and they can use the survey with other buyers if your deal falls thru.

In any way I could be of assistance and also begin and initiate my baby steps into the realm of real estate, I'd be more than happy to.

We initially got a PLOC through Hawaii State Federal Credit union to pay down some principal to have enough equity to be able to get the HELOC.

I suspect he made his initial investment back in a few months rent.