You should also find investors locally and network with them face-to-face.

You should also find investors locally and network with them face-to-face.

Most successful investors talk about how they barely talk about the deal and the offer and instead get the seller to discuss information and get them to like you.

With that said, we have been working with a local realtor and found a house that is barely FMV.Our idea was to fix and flip/hold the home we were going to live in.

Each new tenant I sign a lease with, always give me a new challenge to face.

With prices dropping to flat in some areas, one year is not uncommon.My greatest concern is that you don't appear to have enough to loan the purchase money on a flip and barely enough to loan the rehab money.

I can't tell what you paid, what the face value is ($100k?)

Our problem is the owner of the facing duplex is a slumlord & all he can see is the cash.

I mean, the places I recently looked at are lower end neighborhoods are $550000 with foundation and roof damage, where the rents would barely cover the mortgage, these would be investment only properties.

I would suggest also finding some local Real estate investment clubs where you can attend meetings (with your parents permission) and meet some local people face to face.Good luck and welcome.