My wife and I are looking to get out of the "rat race" once and for all.  

You get a few under your belt, keep executing and you are off to the races syndicating deals and wondering why I didnt' do this ten years ago.  

I would wait to find a really good deal and then race to the sky from there.

The house is a 2 br and 2bt horse property that needs repair on over 40 acres of land and the property next door is 4br 4 bt beautiful home on same size property sold for $1.7mil november of 2011.

He emailed me back within a few minutes and I was off the races driving neighborhoods looking for deals.

Try talking with some local investors who are landlords renting multi-unit buildings and talk to them.Your best bet is probably to call the city directly and get the answer straight from the horses mouth...

While there is an ethical concern here is you state a "race to the courthouse state?"

In the event, I am the new guy, it is still for the value I provide, that value wins the race not a piece of paper.

hello all, and let me start by saying i know i am probably beating a dead horse here. i've read similar topics but would like a little more specific advice to help with that warm and fuzzy so thank you in advance for sticking with me.back to the question at hand... i am into my tenth year of service in the military and have always been a renter. i kick myself for not taking the plunge into buying my own home before now but the thought of being a home owner / landlord is very intimidating. but regardless my wife and i have made up our minds its time to invest some of our income and get a return on my BAH. we are currently in fayetteville nc and have settled on the idea of buying a house around $115,000 putting our mortgage with tax and insurance around $700 a month in an area that rents in the $900-$1000 range. our plan is to put as much into the mortgage as we are willing to spend on rent ($1200) to help pay it down before we PCS again. when we do then rent it out and use it as an investment property. cash flow would be nice here, but since we want to move into a livable home and i dont have the resources / time to rehab a fixer upper breaking even is okay with us. long term goal here is to sell when i retire to effectively collect on what our renters have put into the house for us.are we off our rockers here?

if you say so (sarcasm) whatever don't care no horse in this race.