I also think that the larger investors economy of scale/savings can't even overcome the efficiency added by the local investors who know their local market and invest strategically in their market over a long time horizon (i.e., the guys that can wait a long period of time for bargains and wait out market swings).

I will keep your advise and @Scott McClelland and keep on looking for properties that either for sale on a lower price in the neighborhoods around (which are probably less hyped and overpriced already) in case I want to strategize this purchase for cash flow.2.

If the lender intends to sell the loan to Fannie, Freddie, or any other investor who requires conventional underwriting guidelines, then yes all aspects of your loan must comply with those standards.

To me this is the most important aspect to make it worth doing.

I agree that this would be a great first step, but one that the entrenched powers would fight hard against.Another nice aspect of FairTax:--"The FairTax will, for the first time, tax undocumented workers who now evade U.S. income and payroll taxes.

I am working with a few investors who fix and flip, so are rehab costs something I work with them on, maybe walk through with them, until I learn the ropes of this aspect?

But I have not researched that aspect.

REI is a people business just as much or more as it is a numbers business.While I'm sure you can outsource this aspect of the process it definitely puts you at a disadvantage relationship wise to other wholesalers/investors.

Take advantage of any short term income if you can...strategize...all the while following, Advice #1.Hope some of this helps your strategy.

You can all benefit from the aspects of owning rentals outside of an IRA and all earn hassle free returns within them.