The purchase is closed, now with a 3rd party lender, NOT the seller acting as lender.Now, I'm sure this will be crapped upon by the experts here on BP as soon as they are back from vacation.

Non of this Frank Dodd crap and you could own as many as you wanted on your personal credit report.

They're long gone and I'm still finding "easter eggs" of poorly done crap that makes my job harder, or things done wrong enough that I had to redo them, like he used stair nosing instead of stool molding for the window sills.

Yes, some of the "deals" will be crap, and some of the wholesalers will be utterly useless.

This would be my first ever commercial deal, I'm excited and also nervous as crap! 

That is total crap.

Rich I currently domicile in SD and own in TX, FL, AZ, UT, and a piece of crap in NJ!

I know people who have done this only to find that the pissed-off homeowners (at the bank) last horrah was to destroy the house including pouring cement down drains, stealing stives, cutting up the trusses/joists with a power saw, stealing the copper from the electrical, dumping horse crap in the house, etc.

Here's a few fields that could pay the bills and provide some solid skills that will be helpful when you are ready to invest: RE agent, appraiser, home construction.You've probably been pitched a bunch of crap about how real estate investing is the way out of the 9-5 grind.

Is ANYWHERE still hitting the 2/50% on anything other than crap properties?