There is no "time limit" as to ownership of the Lancaster Condominium Units.

Based on what you're saying you're limitations are, I don't know how much trust I would put in the internet......I like the idea of being able to put a thumb on someone responsible for positive results.

i guess i am also holding home equity in high regard but that's only because i'm a saver and don't try to live a lavish lifestyle and am not too worried about needing to pull the money out (even though i know it's always smart to keep an emergency fund). my next investment would be financed by either:1) a combination of savings + sale of current condo2) a combination of savings + HELOC on current condo (but i also understand that there won't be much equity to draw on in 2-3 years)i guess the problem is i really like the area i'm in and think the property will be worth a lot in the future (5-10yrs).

If you have a REALTOR you used to purchase-ask them for a handyman that would do repairs for you that is honest & good, and contract your own repairs out-also BY LAW-AND THE CONTRACT-they can only do repairs above the limitation if it is an emergency, such as to damage the property or if it is a necessity to the tenants-ie; water/plumbing, a/c & heating, things like that-Maintenance is not a neccesity-I would threaten to do a dateline investigation on them-I think all PM's deserve it-and that might work too!

3. once you are high bidder on a property is there a certain time limit that you have to have the loan approved for or do you have to be approved before you go ?

In my limited research I have found that investing outside of California is one of the few ways to find properties that are positive in cash flow.

I have a limited amount of time that I can spend on any forum.

if i try to flip it, i would barely make my money back if you consider the closing costs that were involved. don't even get me started on the fines i've already incurred and the lifestyle i've had to endure while basically living out of a suitcase, trying to get these rehabs done.

I have very limited income, but loads of time to invest in building my Realestate buissness.

This is limited information and meant for general reference purposes.