For example, in California rates charged on hard money loans start as low as 9%, versus rates starting at 14% in New Jersey.

I am relatively "green" to the industry but am fortunately to have a strong support system in the wings.I'm looking to build my own reputation and i'm happy to have found an ideal forum to share my encounters as I am sure I am in for an adventure.So quick, any words of advice for a young professional getting started?

In California permit fees for laundromats are very high (I think it's due to the water usage and how much dirty water is dumped into the system, etc.)

Obviously if this is the case, and the loans are fairly new (and still have a balance pretty close to the original loan amount), then this could be seen in a negative way by TransUnion's scoring system.

I would assume that if there was a mortgage agaist the property, then the lender would have paid the back taxes by now to secure its interest in the property versus letting it go for auction.

Inspect the property for potential deferred maintenance or needed capital improvements (roof, heating system, etc.).

The other thing I've done on a house in which I rented out the three bedrooms separately is get the average monthly utility cost, and then say the place rents for X, and they are responsible to pay utilities at a flat fee of Y per month.I can see how the shutoffs would be a pain though.I'm also trying to get a rough idea of the cost involved in converting something like this versus the rents I'd pull from the end product, since I've not dealt with anything like this before.

They can stick a 200k house on the same space and make 2,000 a year in taxes versus 200.

I looked at buying one of the big machines but with purchasing outright or leasing the savings were not much at all versus getting the job completed at a print shop.

This will reflect itself in other systems as time goes by.