What kind of pitfalls have you experienced that have prevented closing?

I'm hoping that someone experienced with Freddie's operations can shed some light on what the best move is here.The city in which the subject property is located performs a point-of-sale ("POS") inspection on all properties to be sold.

Ga Tech, in my opinion, is one of the top school in the south east region and attracts the best and brightest (ie engineering) students.

We both have full time jobs and are not experienced in construction.

At some level are you just trading one income vehicle for another with the added bonus that you get the asset back (albeit there is a risk if the property gets trashed due to bad management) if the lender flakes out (and of course the hassle of calling the note).Hopefully some of the experienced private money lenders will jump in on this one, as it is a fantastic question.

After high school I enlisted in the Air Force and spent over 8 years in the Civil Engineering Service, mainly working on heating and air conditioning systems but volunteering for any open classes I could attend.

Hi Andy,A lot of that sounds similar to what I experienced.

What about partnering with an experienced house flipper?

Experienced investors love to show off their properties and knowledge.

First and foremost you want to be a transaction engineer meaning that you will learn many niches in this business as you go along and you will probably settle into the ones that you like best and work best for you.