Did not form business yet but idea is to redo everything and keep collecting the checks for next 15 yrs. my partner thinks it's not a good idea to change drywall sheets but change everything else.

This is great for me as I like to buy bulk searches during my marketing campaigns but during the slow months I am not stuck paying a monthly fee. 

Saving has worked for me up to this point and I don't think I'll ever pull back, but in order to get started investing now (or at age 24), I will need to implement a strategy very soon.

I assume there will be some disclosures for me to sign at closing, but at this point, I've only been asked to complete an application, personal financial statement, questionnaire about the property, and to sign the loan commitment letter.My attorney will review the closing docs from the CU and will alert me if anything appears wrong.

There would be additional review at this point: ordering the appraisal, downpayment requirements, and the paperwork for the rehab draws and terms.The local banks I've worked with required 25% down on the purchase price, the rehab was done in drwas after the inspections, but all one closing and then the loan converted to a permanent loan once the draws were complete.20 year term resetting every 5 years, for me.  

Hi ChrisThanks for the infohow much percentage i can get the 3.5%down ,the 20%down is too much money for me i dont have that much money on me now

Thank you for answering that question for me.

.#2, to change your current position, you need to make your fist step forward, meaning, entering into the game#3, you have all the answers, you just need to listen to yourself.My name is Tomer, I'm investing in Tucson.I live in Israle, small country in the middel east.I operating in Tucson for the last 2 years, flipping houses and wholesaling, I'm not doing it by meself, I have an amazing partner that together we form a wining team. 

When I took my tax returns to a CPA last year he filed them all as Capital Gains on a form 1040. 

Thanks Tom, both the post here and the prior post are helpful and directly answer my question.Turns and maintenance are less of an issue than management for me.