Hey everyone, I wanted to get some expert/experienced opinions regarding something I’ve been considering. 

Not a mortgage expert but if the borrower is new to the landlording business the banks want to see the rental income reported on the tax returns for at least 2 years.

@Domenick Booker-Pomata I am no expert on the matter, but I have done some research on the boarded up buildings as I too have found some that were of interest.  

I am a far cry from an expert, but I know a thing or two about a thing or two.

@Rob MassopustThat downturn is coming in next couple years.My investor & economics friends like Ron Paul & Jeff Berwick call it the Greatest Depression!

I believe everyone is an expert at something.  

My opinion on Southern CA is to wait a year for prices to go down, but I'm no expert lol. 

Also, don’t listen to all of the “expert” naysayers above,(@Lucas Carl) is just lucky that they work in vacation markets instead of urban markets where regulations are more of an issue. 

Positive cash flow, not just percentage, but the actual dollar amount of free cash flow after all operations, is what will allow you to weather economic pullbacks and avoid having to sell in down markets. 

I am not an expert at any of these things, but working on projects with experienced contractors has taught me a lot about construction methods, but more so taught me about how professionals operate in the biz.I have also attended architecture school at UNC- Charlotte.