For my wife and I, we don't have the income to qualify for this kind of mortgage (we have a mortgage on our primary residence now), and knowing how much we'd need to come up with for the initial investment and knowing it would take some time to get the occupancy up to where we want it, it seems risky to use hard money or some funding with a higher interest rate.I would like to make this happen at some point though because there seems to be high upside and this market doesn't seem to be going away anytime soon - at least not in this area.

Initials: _______b.Tenant agrees to pay for clearing the sewer drains of the Premises of any and all stoppages, except for those stoppages which the Landlord will agree were caused by defective plumbing, tree roots, acts of nature, or which are declared in writing to have been so caused by the plumber or other person who is called to clear the stoppage.

I'm very glad and excited to connect and to share thoughts with great investors and professionals at BP during my initial stage of learning to become a real estate investor.I am currently having a full-time job and am not thinking to quit too soon, but I will try my best to be active at BP and to be motivated in real estate investing at spare time.I'm kind of a little bit indecisive of which strategies would be the best for me to start with among Wholesaling, Buy-Rent-Hold, Lease Options and Buy-Fix-Flip.Do you have any suggestion or advice?

I can't imagine that things haven't changed since this initial post 2 years ago, but they also must be getting these calls constantly.

I'm currently in the initial phases of talking with the owner, but here is what I know so far:Rents are about half of market...owner is aware of this.  

Do I change the name of the landlord and have the tenants initial and me signing at the end, or do I create a new lease?

I'm 26 and don't have $500,000 in the bank to be able to spare a couple hundred a month for charity's sake.  

We performed nearly $15,000 in repairs on this one and had it leased within 2 weeks of completion.Rented for $800 a month and Sold to a very happy investor for $70,000.Our Trust Deed Investor received an 11% return in less than 6 months and our Cash Flow investor purchased a great, renovated property with equity with an initial 10% return.

I'm curious to know why you assume 10% for repairs/capex when you're also assuming a $5K rehab initially?

Your initial post was pretty dramatic.