Dear BP Community: When it comes to networking within the BP Community to find quallity people to work with what are some due diligence practices that investors can do to minimize the risk as much as possible?

Well, just like anybody else, I dont care to lose cash every month, but if it was minimal, and worked out to make more in the long run, then I might be able to part with some.

etc.3) Most times the answers are no to the above questions, and I tell them that my niche is working on short sales and I'm getting most of them approved very quickly and with minimal headaches and most importantly getting to closing.

I'm definitely having trouble with that though - I want the realtor to do as much as possible and minimize my time invested on each deal - ie I don't want to go sign contracts with owners, I want my realtors to do that.

Of course, I'll still have a real inspection contingency in place if I move toward an offer.So, I'm reworking some numbers to see if it is more doable...potentially as a rent for a year or two at minimal profit or break even, then flip which could reasonably net in excess of $40k.

.- Hardwood flors where ever you can with 4 coats of poly - I find this looks great and is minimal effort and quick for turn overs.- VTC tile in kitchens

., cash flow) but minimal taxable income, banks will cut you off from new loans.There are creative ways to get deals, too.

Each unit needed minimal work (mostly cosmetics) which I was able to tackle the summer before classes began.

Reason, I have the means to travel around the U.S. at minimal cost in a timely manner, so I could easily view properties in person on the cheap.

You're going to want to live near your first rentals, that way when things go wrong (and they will) you can deal with it quickly, easily, and with minimal time & cost.