I work out of Cerritos Auto Square and would like to stay 45minutes to 1 hour away MAXIMUM.I am having literal anxiety trying to decide the best area for a good Investment/Rent ratio, I don't mind living in a rough area.

If we go through this process it take 6-9 months, but my goal would be to be able to clump money together in batches ideally so that investors could select individual investments.

But if you're looking for a relatively stress-free place to park some money and to possibly reap some appreciation in 5-10 years, it might be ideal.

Not the ideal place to start investing in Rochester IMO.

To save up enough to buy a $100K house with cash, lets just say it wouldn't have ever happened until all our kids were grown and gone - and by then I might be too old and tired to ever get started.My immediate strategy is to buy foreclosures, rehab them, get a good tenant in, and ideally sell the house to the tenant for a nice profit.

A Realtor/Escrow Agent/State RE School instructor, that guy has an incredible ego.They also left out the appraisal requirements at the seller's expense as Curt mentioned..I suppose every time some RE type mentions this stuff people need to look at their expertise in finance compliance and law, then look to the agenda of that party giving that source of information.Why don't people find out that auto sales and financing is much easier than RE or brokering T-shirts from China to stores can be very profitable with very little cash?

I am just starting out with a 4 family and a 3 family and am targeting to keep the following for EACH property:Operating Account = 2 x monthly mortgage taxes and insurance (MTI)Reserve account = 2 x monthly MTI, plus auto-transfer of 10% of rent collected each monthWhat do you guys think is a good best practice?

From a cash flow perspective this is ideal for us.

This is an ideal tear down and could put at least 2 homes on the land.Any guidance is appreciated!

A client that wants to build a multiple property portfolio is our ideal client and every service and idea we have and develop as a company is toward the goal of attracting that client.IMO, that is the way every TK company should be, but that is like saying every car on the road should be a ford or it can no longer be called a car.