I am attracting buyer and seller leads via the social media advertising strategies I've learned initially through those books and now through my own trial and area. 

Rents for the units vary from $1100 to $1300 or more per month.I am considering a hard money loan to pick up the property and rehab, then refinance with a traditional loan taking advantage of the spread in the ARV.Does this sound logical?

I would partner with someone to spread out the risk and to bolster your borrowing ability. 

I guess developing a spread sheet to show them and sell the idea the same way you show a bank or an investor is what I need to do.maybe with a plan to get it rented and find a bank to get a new mortgage and cash the siblings out?

My family and I want to start investing together and I think that may be the best way for us to all get our feet wet and spread the risks out!

Most of the MLS deals I received didn't have enough spread for my strategy.  

We are in the process of planning our next event and will hopefully have that info out via social media and our website by the end of the week.Make sure you follow me (joe calloway) on Facebook and RE360 for updates and other educational content. 

If you and your wife are actively managing your investments in the stock market that might be a wise choice to spread between the market and real estate. 

You get a rental spread of 850/month = 20,400 over a two year period, and...you make a profit when you sell of 25k on the spread from the 85 you're buying it for, and the 110 your selling it for.  

Toxic people that don't know the whole situation also tend to gossip and spread stupidity and miss information.