I can't get that return anywhere for a 6-9 month timeframe, and would more than cover any fees or tax concerns.The biggest risk I see is that if there is a job loss, the loan is considered a distribution and you need to pay tax and a penalty on the money.

Even though I had rented out apartments many times before at my job, its different when its your very own property.  

Hi Raj Pandian Great job getting started here on BP.

Thanks Roy, I think that just confirms my belief to stay flexible until I can get on the best schedule. 

It turned into a bigger job and this contractor was terrible.  

What we do have is a fairly steady job market compared to other areas and abundant liquidity looking for yield.

This makes it really hard for a person to a day job to compete against these full time investors.In the meantime, will be looking outside the metroplex for better returns and less gimmick.

On a job that large, you should have multiple bidders if you're not using a contractor that you use all the time.

See, on those days, and they will happen, you'll pull out your handy Rolodex and look up the contractors (and lawyer) you have relationships with and get those jobs taken care of lickety split at a good price because you're a local with repeat business.

So here is my question with a young child and a dead end job ive found myself in debt with little funds to start up my real estate investing.