Follow a proven system with a reputable company that will "hold your hand" and not throw you over the fence to other people that don't have your best interests in mind.The above is true for both new and seasoned investors alike.Continued success!

., the guy who just about lost his shirt and needs to liquidate his assets for $0.70 (or even $0.85 for crying out loud) on the dollar--and these kinds of people typically would need a cash, not an FHA, buyer anyway--or that older widow who's sick of dealing with tenants but still wants the monthly cash flow and would be open to seller financing.  

I'm also no expert when it comes to the mechanicals so if they look older, I'll usually just include them in my rehab costs.  

Hi @Robert Cook - You definitely have the right frame of mind in seeking a mentor - a seasoned local investor can be invaluable in helping you learn the tricks of the trade here.I definitely struggled to find some great mentors myself, however, and I think that my experience could perhaps be of value to you!

CH13 (or CH7, SS, DIL, etc.) has to be settled before even a portfolio lender will consider a mortgage.To get a Fannie/Freddie loan there are different seasoning requirements.

I have a friend who lives in CT; I hear the seasons are beautiful and the jazz is great there. 

I know for SF homes there are specified "seasons" for buying, does this apply to multifamily?

BP is such a wealth of knowledge when starting out and I believe for those seasoned investors too!   

Hi @Ben SmithGenerally, I find the holiday season to be a good time for buying rather than selling.

If it's an older home, it hopefully has hardwood floors....then it's just repainting a room or two when people move out.