We are scheduled to have a tele-meeting next week to discuss criteria and such.

Two more question:- Some of you have suggested taking out a 30 year and just paying more... in that scenario, wouldn't you be paying more interest than you'd have to on a 15 year (due to the amortization schedule, and you're paying more interest as a % of your monthly payment in your first couple years).- It seems like there is quite a bit of fascination here with regards to cash on cash returns.  

Hi.I'm scanning online at all these CRM programs and softwares, and I'm curious to know if they are a "must".Is there another type of peogram out there that can track all your clients names, contact info, what they're seeking, and a scheduled calendar?

For me it was eye-opening to hear about what some investors are doing here.If your schedule allows, you should join the monthly BiggerPockets meetup, which is held on the third Thursday of each month, in the Roppongi area.  

You will have to pay for those classes and obviously attending takes time out of your schedule.

Vacancy isn't something that's deductible in the sense that it's a line item on schedule e-it comes in the form of less rental income.

Routinely they're referred to as "private lenders" or "portfolio lenders,"  I like to think of them more as specialty lenders. 

Ok - so, no one has mentioned short-sale to them yet.Is the auction scheduled?

Your elderly owner will need to go down to the court house and file eviction action for non payment of rent. which will take several weeks to get scheduled and she will have to pay a filing fee for that.

There is very little room if any for negotiation unless you are coming in all cash with a super fast closing scheduled.