The owner is trying to get $55,000 for it but the comps in the area have newly renovated duplexes for $55,000 and this property I believe- have not visited site yet, judging off of seller's descriptions- should go for somewhere around lower to mid $40k range.It would be my first property and since I'm in college having to pay $6k/semester for school, I don't have the immediate funds to which a bank would accept me today but in 6 months I most likely will.

As business owners, our job is of course to run our businesses but also to strategize where the next "thing will be".Complainers don't understand the nature of "change" which is like waves rolling across an area, bouncing off boundaries, rolling back etc.What my company figured out thanks to my very smart business partner, my wife, was how to jump from one hot wave to the next, about 4 times now, changing geographical areas AND asset types each time.  

Yeah sorry for the convoluted description.

Does anyone know what geographical areas I should be focused on and possibly some good contacts to have?  

Please be a bit more descriptive about what services you are looking to pay for.Disclosure, I am an agent but my business is not real estate agency.

</p><p>(b) A landlord who in bad faith does not provide a written description and itemized list of damages and charges in violation of this subchapter:</p><p>(1) forfeits the right to withhold any portion of the security deposit or to bring suit against the tenant for damages to the premises; and</p><p>(2) is liable for the tenant's reasonable attorney's fees in a suit to recover the deposit.

@Eddie Quimby, from your description of (only) having $80k equity, and already having a $265k mortgage, you may not be eligible for a HELOC at all. ($265k is more than 75% leveraged already).Did I miss something?

@Paul Allen, I gather you fit the description?  

I hope my description here is clear but feel free to ask more questions if needed.Also, Conventional loans will not lend to LLC's.  

I will let you know if anybody from my agency has any back pocket listings fitting your description.