One of the complaints I have often heard is that most real estate agents are only concerned about retail buying and selling customers who will probably only have three real estate transactions in their lifetime.

My main concern is that I don't have any construction background and I have never rehabbed a property before so I don't have any real world experience regarding the costs associated in doing so.Once I find a deal that looks promising on paper and I physically go walk the property with my realtor how am I supposed to determine a rehab estimate without any prior experience? 

So proceed with extreme caution.

If they are not returned by the deadlines, your tenant will be cut off.The W-9 would be the least of my concerns. 

Demand is extremely high in our area for rental houses so that's my fall-back plan.

My main concern about buying a higher ARV for a great deal is that I may have to wait a while for it to sell and I’m not sure how that will irk with a HML or PML.

So at this point my only major concern is the boiler and water heaters. 

Tina and Joseph go back to the same bank and get a home equity loan for $360,000 to buy a turnkey rental property in Jacksonville run by an extremely reputable management company that provides a steady $200 in cashflow a month, great passive investment with excellent appreciation potential, just like the BP community told her.For the next five years they continue to pay off the original mortgage and the home equity loan, and by 2013 they owe $70,000 on the original mortgage and $305,000 on the home equity loan.

I am from Illinois and I am extremely conservative on my calculations to ensure worst case scenario all turns out well.

Doing extremely well on both.Combination of factors on why this market is killing it.