And I will definitely leave my credit card at home when the guru's are pitching...Ill use it to pick up the book you recommended instead!

@Chadd Naugle and @Mindy Jensen I'm going to have to pick up J's book and get after it tonight.

the comm. taxes are higher but you can fight those down sometimes when you convert to residential ... confirm this before you jump here... also look for a multifamily designation on a single family home...a ranch with a basement or crawlspace where you can turn it into a duplex... here i can go on city zoning maps and pick out the areas with multifamily zoning and focus in those areas.... lastly if you see a building in an area you like look up the owners on the assessor's site and mail a letter to them and ask if you could buy it.   

Say the total cost to pick up a **** condo and rehab it from start to finish is 50,000. 40,000 is his and 10,000 is mine.

you can pick the subjects of interest and it will show you all the local events close to you. 

Great way to pick up some good info and possibly a deal.

That is money that would just go back into your IRA and build that back up again on its own.I am working on using a Personal Line of Credit to build up to be able to use as a down payment on a deal that I am looking to pick up here on BP.  

He picks out of 7-10 "common" rehab category cost items (replacing carpet, painting, etc.) , for different trim levels.  2).

In your state recreational marijuana is illegal and he smoked it often enough to cause complaints from neighboring tenants.

I mainly want to pick a market that has good returns on direct mail.