My wife and I acquired some rentals in Flint, Grand Blanc, and Burton.

I live and invest in Grand County, a ski resort/tourist area about an hour and a half outside of Denver.

So, here is the information for the properties: Property #1: This is a *handyman special* multi-family property available for purchase in Grand Rapids, Michigan, which can be a VERY lucrative income property.

According to sigtarp, 1 year later HAMP has modified a grand total of 168,708 loans and has LESS that 1 million in total applications- for 89BILLION!!

Some of that will be the pre-paid costs like insurance and taxes.Idea for coming up with the $1K:Sell some stuff on craigs list or e-bay.Borrow from friends or family.Prosper or lending club.Credit card cash advance.401k loan.An advance from your job.Get a personal loan from a bank or credit union.None of these are great ideas, but we're only talking a grand here, and if this happens like you expect you can pay it back pretty quickly.

As a father of 6 and grand father of a few more, I'll still stick to my previous post.

You didn't really think that I was going to post the address of a potential grand slam deal on a public forum full of investors who owe me nothing and have no loyalty to me, did you?

Were we are finding that good families want to live close to grand dad (etc).

Utilities and other stuff are typically pretty small in the grand scheme of things.My point is that this 70% rule of thumb isn't just some arbitrary number.

If I didn't do the right thing, then I'll have to chalk it up to a learning experience I suppose.Ran the numbers on a property in Grand Prairie, TX and it was showing a cash flow of $535 a month with about $17,000 out of pocket using hard money.