Had an extension cord (tenant purchased) fire with a replacement value policy in one bedroom.

I would also utilize some of the great tech tools that are out there, especially virtual flyers and vids syndicated through youtube, yahoo, truveo etc.

I have an extensive background in management and working with people.I am a newbie and looking for all available resources to grow my knowledge base.

Crediting $200 per month to the purchase price does not help you as the seller and, in fact, reduces your profit at the closing table.I have had great success in having the following:* 5% lower house rent than my competitors (its taxable income any)* Extra Option payment of $300 per month (tax deferred as per IRS IRC 1234)* Guaranteed up to (2) 12 month extensions if financing fails (rent is increased by 5% next 12 months).* Having their Option able to be "marketed and sold" by TBers at their own expense if there is either a family emergency or job transfer (needs to be proven)IMHO, people that 10% into a property will get financed better and easier than No Money Down or 3%.

., price + rehab = 70% of ARV), they certainly won't make anywhere near $80K profit.Assume they get a hard money loan for the $140K and hold for six months.They pay purchase closing costs around $2500.They pay the $20K for rehab.They pay about 10% of the loan in money costs, $14KThey pay insurance, utilities, and whatever else in holding costs, $3K (try pricing a vacant house or builders risk policy.)

The idea is that if you see red you take action to correct it.I have used it extensively for the last 6 months and find it helpful to attaining my goals.

Harrison:The only other option I can think of (well...not the only one (lol) is to utilize private/commercial lender.

-vacancy rate-maintenance-utilities-property mgt-other-property tax-insurance

Having little or no equity or upside down cash flow is not a good business prectice when utilizing this strategy.

Many investors are utilizing a repeatable model in CA to make $ in RE.