I have minimal dollars in once I get the loan, but I do have some skin in the game plus my labor.

It's also tougher lead paint laws, additional protected classes under fair housing laws, eviction procedure, etc., as compared to NH for example.

The property must be sold through a realtor at {fair} market value {no fire sales}.Proceeds of sale go to the owner - and are garnished for the amount outstanding to the lender.

I prefer deals where all partners have skin in the game.

To me, I target being all in (my purchase plus my rehab) at about 70% of the ARV.That, to me, is a fair number but also a number I know I can usually make good money on too.

I quickly viewed the thread and was surprised not to see mention of Fair Housing rules/regs.

I am not sure if it's the best or right market, but it's a drive away (as opposed to a flight) and there seems to be areas that are cash flowing steady.If I understand correctly, you're looking for a 30%+ return ($30K with $100K investment) - to the best of my knowledge, that seems to be fairly aggressive for rentals - maybe you can get that return on fix and flips.

You are right, try making a fair profit several times not the one killer deal.

Believe it or not, you kind of need a thick skin to do this because you’re going to hear all kinds of stuff, some of it critical, some of it positive, and some of it a little nuts or pretty far from objective.

Account ClosedJust the escrow fee nothing else is fairly common to split 50/50 in Southern California.