Walls need to be moved around to open areas up and to change the design for things like moving the master bath access to the master bedroom instead of the hall.

It's part of the game. $2K per month for a 3/2 is not bad. $2K per month for a 2/1 is a stretch.

I typically invested in the stock market 10k a year and after so many years of the roller coaster I decided that instead I would invest in single family homes, duplexes and triplexes using my yearly stock market money and cashflow from rentals.I only post because I had to walk away from the deal because it didn't fit the plan I set up and being new to the game I feel until I get x amount of units under my wing and more expericance that I should stick to the plan.I have had a lot of friends make good money flipping and I have some who worked there butts off for 14 cents an hour.

I signed up a couple of week ago and I have been reading the BP starter guide and their other real estate books to gain the knowledge that I need before getting into the game. 

I also have a meetup once a month in Yonkers and we play the rich dad cash flow game.

The lender ends up with a decent return on what is hopefully a lower risk transaction given the skin in the game of the borrower or the high spread of the deal.

I should say now I had mentioned to him months ago during a football game one night that i was working on my first real estate deal, and he took interest in it offering advice and things for me to think about.

It could be a game changer for sure ! 

Now that I've essentially achieved my goals, I'm ready to get back into the real estate game as I sell my current home and pull out my equity which would give me plenty to throw down a few down payments.  

If you are looking for pre foreclosure properties, that is a different ball game.