I am very reluctant to utilize the financial information provided on the loopnet properties.

Consequently, you need to find out who really gas exoerience with this technique.You need to determine and satisfy all the elements for AP in NM then go to court with your prove-up documents at your Quiet Title Action court hearing. 

I've always dreamt about being financially free and I knew I could become wealthy one day.

I've always dreamt about being financially free and I knew I could become wealthy one day.

For most traditional banks, they'll want to see 3 years of tax returns, personal financial statements, P&Ls, and additional support (such as marketable investments, collateral, and/or liquid funds) that will show that you're able to support your responsibilities and repay all debt, but specifically theirs.

I've analyzed it these ways:  Using $0 as cashflow, it's financially obvious that I shouldn't buy the condo.  

Knowing the person you are lending to and their financials. 2.

You are financially vulnerable should the corporations decide that you need to pay your share for the maintenance, manager salary, etc.

A written criteria is essential.I suggest you focus on properties where an action is occurring, such as a high-equity foreclosure, delinquent taxes, etc.

I guess I was hoping you guys could maybe share how you finally started the action phase of flipping...