BTW, the pest report was from an identical address in a different city.

I have a regular job with an annual income of ~60K and a credit score of 740 albeit of limited duration.My plan is to use the VA to finance, perhaps a duplex that will allow me to get my foot in the door to generate capital that will allow me to do it again, twice or thrice in a year or 2, until I have the capability to pay cash for distressed property.I have d/l'ed all the BP podcasts , purchased the " Book of estimating rehab costs & Book on flipping houses & Inspecting a house by Rex Cauadwell " per suggestions here.By this time next year I would like to be living the above plan and be well on my way to my 2nd property purchase.All comments or criticisms are welcome.

I'm guessing he trolling for identities.

Now they are the big boys in town, and unless you are a regular and get in good with them they are going to ruin you so that you don't come back.

you buy a property for $50,000 keep it 20 years and sell for $200,000, but to replace it with an identical house you have to spend the entire $200,000, what have you gained.Capital gains taxes to some degree as now structured is a tax on inflation which the investor had no control over, and a devaluation of the dollar purchasing power due to inflation..

I understand that you have to honor a existing lease as a new buyer on a regular sale.

Depending on the rent I am asking and location of the property, I will put in Stainless or regular equipment.

Shaun: I broker HUD properties in Michigan regularly and this typically means the house needs new paint rather than a serious problem with lead paint.

If I owned 12 or 16 units (or more) and had a full time regular job, then I would sub out EVERYTHING.

I think its great what you are doing- I don't know if most have had the experience that I have- I'm open to mentoring someone but I will meet someone on the board and say hey my number is in my signature- Feel free to call me but just never hear from them and I go hmm okay maybe they weren't that serious.I think I've gotten an actual phone call from like 2 people on the board in my area and both of them I talk to pretty regularly not in a mentorship capacity but more to bounce ideas off each other.I think some newbies are afraid to reach out because they feel they will get rejected or someone won't want to spend the time to help them get started.