I really enjoyed the process of my first deal and would like to do another one sooner...If I get a mortgage on the house, I'll probably be looking at 3000+ in closing costs, which is a lot compared to the amount invested.

I think I will go this route as the PMI will not add a significant % to the interest when compared with interest I would pay to get that 20k by other means (student loans not paid off).I have found a house listed at 125k that is a 3/2 1000 sq. ft. ranch with nice updates (granite countertops, hardwood refinish, cherry wood cabinets, finished basement, modern bathrooms, etc.), garage, deck, and an 800 sq. ft., finished, basement.

Let's all meet back here in 10 years and compare total returns.

I am hoping to get some opinions on the metro area REIAs.I am looking to begin rehabbing/flipping homes in the coming year and right now I would like to do some face to face networking as well as increase my knowledge base.I hope to hear from people who have attended both CAREI and IRR meetings (maybe there are other metro are groups I am unaware of) who could compare them.

If your current loan officer is not giving you a good deal, go talk with another loan officer and compare the rates and fees.

You won't be able to submit cash offers, and you'll need to ask for about 8 weeks to close with your financing -- this isn't going to be attractive compared to cash or quick financing terms.Can the credit union do a cash-out refi in 45 days if you can buy the property for cash beforehand?

Before getting it under contract do an informal walk through and take notes; subsequently under contract "hire" a certified property manager and/or appraiser to compare notes. 

Feel free to hit me up if you want to compare notes about North Co.

Even if the balances are zero, if you have too much available revolving credit compared to your income, it is bad.

They have offices around the country... then after you close you can give the full name and collect the reward fee!