Only have had it up a month or so and my PPC is limited to within 10 miles of my house.I've studied SEO, but haven't done much on my site.

Jason Measures

Finding comps isn't necessarily hard, but you begin to get vastly different numbers for houses that are pretty similar.Given that I am new to this and want to minimize my risk exposure on my first rehab deal, my first intuition is to just focus my search in the zip codes I can easily comp out and I know will limit my risk of basing my decision on bad data.

It does require PMI but it also gives you money for rehab expenses and limits your out of pocket to just about 4% for down payment.

Since it's one bedroom, I can limit the occupancy to two people.

This is because your recourse is limited with people who don't care about (or don't know about) FICO scores, credit reporting bureaus, judgments, etc.

if one party will be a silent partner, you will probably want to setup a Limited Partnership with the general partner as an llc.

Know your limitations.

@Mike Todd I have found that those companies usually have a lot of hidden fees, limitations, and charges; i.e. a limit to transaction amounts, amount of transactions, etc.My recommendation would be to find a Broker in your area with some experience and negotiate with them about your compensation split.

I am now making the leap of faith into marketing for deals.I have begun with some test mailing campaigns to measure the response rates, etc.