Chris, the basics of any loan (and the attractiveness to the lender) come down to two main factors....cash flow (aka net profit, income, debt service) and asset coverage (aka net worth, ARV, secondary support, LTV).

and then who do I sent it to say if it is a REO, or who do I talk to at the bank, I guess this maybe very basic, but I thought it would not hurt to ask.

Currently I have one house that I live in and one house in another state that I rent out and basically break even on.

My very basic plan is maybe 3-4 flips then a rental, 2-3 more then a rental, 1-2 more then a rental, moving to rental as I can.

I can get away with working 20 hours a week and I basically set my own schedule with total anonymity.

I am a new investor, with basically no cash, and my strategy right now is to start flipping to build some cash up and then to eventually go into buy and hold strategy for long-term wealth.My plan is to read the book on biggerpockets that is for sale on House Flipping, and also if I can find a mentor ( where I will of coarse help out in doing free labor or whatever I can to learn the business).

Does not look new.So basically, what improvements/materials give the most bang for the buck in this type of neighborhood?

It was very narrow information, it gave the basics, it lacked real world applications but it was good.

And the "basically" after.

I have been expanding my mind with new and exciting information to take the plunge.Currently, I'm on summer break from college and I have been working just a summer job to pay for basic college expenses.