Re-Fi in 3 months or sell, loans w/balloons due in 1-5 years 95% of the people out there trying to buy/rehab/flip properties are unaware of the programs I & about 5% of the rest of the brokers out there nationwide are "specializing" in; other brokers make a fortune bringing their clients 2 us, both getting a "fee", I spend most of my time preparing the package for the private lender so that he/she/they know exactly that the loan is a GREAT opportunity; the borrower already knows this or we wouldn't have met.Hoping this helps?

It's a long term committment and it can be very profitable, but maybe not like the market you specialize in.

I specialize in dealing with residential real estate investors in Pennsylvania, but am also licensed in NY, CT, NJ, NC, MI, and FL.

I specialize in purchasing condominiums in Connecticut and then proceed to rent the units out.I look forward to networking and learning other methods of purchasing real estate.

The engine will have problems in Your wife's car, tenants will move out in Your other rentals, prices will go up for repairs, hurricanes will come....blah,blah,blah....figure DOUBLE Your original time frame on repairs, ALWAYS.Figure 1/3rd higher costs than quoted estimates, BORROW accordingly.BE the BOY SCOUT.I have, I PREACH it to my borrowers/buyers/investors, & every operates under the "Be Prepared" philosophy;Do these things, & I doubt You'd ever have a "catastrophe".Trust the experts & LET them do their JOBS!

Are there any special tax breaks or deductions?

I specialize in REO, commercial and investment training.

I'm a bit surprised that your lease doesn't have specific clauses for preparing and showing the property prior to you leaving.

I own a house in San Diego which currently is not being rented out right now because the property manager is preparing the house for rental.

Please help me understand what I need to do to get myself mentally prepared.