My strategy is buy low, improve, and hold to rent; eventually sell for long term capital gain and reinvest all proceeds.

I collect more upfront to cover the eventual "move", which seems to be the only way....let me know if you know of another way because I'm all eyes (ears in person)

Even a property that only breaks even, if it is in a good area will usually go up in value yearly, rents will gradually increase due to inflation, and eventually your mortgage will get paid off and your income will climb rapidly.I bought a house 6 or 7 years ago I lost about $50 a month on.

Keep in mind that if you want to scale that business, you eventually have to "put down the hammer".Being a flooring contractor is a certain advantage, capitalize on that.

Were you going to eventually assign the contract?

Eventually that sink in even to the most skeptical.

Eventually, I would like to move to commercial once I have more experience.

If Freddie Mac (or any bank for that matter) does indeed own it, they will eventually put it back on the MLS to be sold... or possibly they are going to try and sell it via auction.

Through this site - I'm hoping to build my network of contacts, find additional team members, find investment opportunities, learn tips / tricks, pick brains, continue my education, and at some point share and lessons learned I might have to offer.My initial focus will be residential (single or multi-family) - rehab projects or motivated sellers in my more immediate area - eventually expanding to areas I'm familiar with in Baltimore City, SE Pennsylvania and Newark DE.ThanksVaughn

So, you fell for the old "we can make you a movie star" line, from a boys gone wild RV tour, modeling without a contract.