But they are prime candidates for HML.. they are bouncing back have experience and usually have at least 20% skin in the game.. those are prime candidates for most HML.

$450 cash flow with no skin in the game.

Most hard money lenders will require to have some kind of skin (your money) in the game.

They want to make sure you've got skin in the game and that you've got some experience built - which you will after you flip your first FHA home.

I'm here to learn, learn, and learn some more until I put some skin in the game and get the ball rolling.

I am new to south F, I am buying a Condo for me at the beach and planing to jump into the buy-rehab-rent right after I settle down.ThanksVan Der Hi @Van Der Fran (can't mention properly with link for some reason) I would say (in simple words) that Beach is not for the aggressive investor, unless you have very important and qualified introducers (you know what I mean) for getting real deals.Sometimes you can do good deals by flipping, but negotiations are difficult, sometimes long, competition is sometimes insane as they offer even more than wise, and for some reason many many contractors charges more than normal for working on the Beach (and, given that even normally they are difficult subjects, this add another difficulty.Final pleasure, City of Miami beach is crazy (I proved on my skin) and they are really picky.Ah, forgot to mention that if you plan to buy and rent to hold, revenues are ridiculously lower than in other places.

There are definitely a lot more multiplexes available south of Shaw than there are north of Shaw - so there are plenty of opportunities to find deals - it also depends on where you are willing to invest - some investors stay away from areas south of shields, but for those with a little thicker skin - there can be some good money to be made - as was stated earlier - getting your rent on time every month from Section 8 can turn out to be a lucrative proposition.  

You must have hella thick skin to be making $5k offers!

He will be putting skin in the game as well.

Sorry for the rant, I do have thick skin and brush off those that act in such a manner without care.