I overheard a realtor saying the guidelines are getting very tight on this method, I'm wanting to see if it's still possible to do.I'm purchasing a home for 13k putting 7k in it, I see the homes in the area are selling for 64k, and my mentor has 2 on the street that appraised for $67,000.

But I'm open to learning other methods, too: flipping & wholesales, short sales, etc.I look forward to learning from all of you and then hopefully putting that knowledge to work.

It helps, but there's are other methods to find leads.

I try to get as much info as I can about the owner so I can determine the level of care and the quality of services he implemented.

The freedom I now have to work on my business will allow me and my family to have a better quality of life overall not just financially.

Verify all you want.I know your question was a mailing question however I just want to encourage you to find multiple methods of reaching people who will respond positively if you simply find a way to add to their lives.

They were both cash purchases that required some renovation work to get them up to good quality standards, much of which I've performed, some of which I've contracted (also have day job).

prices and quality can vary a lot.

We believe in appreciation, however cash flow in high quality investment is main purpose of these investments for us and for our clients.

The deductions allowable are those items allowed as deductions by chapter 1 of the Code which are directly connected with the debt-financed property or income therefrom (including the dividends received deductions allowed by IRC 243, 244, and 245) except that: The allowable deductions are subject to the modifications provided by IRC 512(b) on computation of the unrelated business taxable income, and The depreciation deduction under IRC 167 is computed only by use of the straight-line method.