I'm hardly an expert, but I've found that by building rapport and trust with our buyer's appraisers, we have been tremendously successful at getting the numbers to work.

Adding to the problem is the banks willingness in the past to loan to anybody with a heartbeat, they have regressed so far in reverse, getting a loan requires a tremendous amount of patience and documentation.For the second issue - spreads - I choose to hit singles and doubles 3 or 4 at a time to replace the homeruns I was hitting one at a time in the past.

That area has tremendous potential for future development especially given what's happening to the east and south, but I do want to point you to a small phrase in Orange County's land development regulations: [i]"It is permissible to impose a more restrictive zoning district classification as an interim use until such time as the property is found through an administrative decision-making process to be suitable and ready for ultimate development."

Sitting at closing for 1-2 hours is NOT fun, but the opportunity to build a relationship with the other agent during that time is tremendous.

Here's the breakdown:Buy 2 houses to rehab a monthBuy 2 houses for rental a monthThe 2 houses for rehab would cost approx on average $250k for both houses and this includes rehab costs.The 2 houses for rental would cost around $140k for both houses rehabbed.So I figure that for the 2 houses that I would rehab would net $70k for the month.And, for the rentals using the 50% rule should cash flow for 2 houses I would net approx $1200 per monthNow, for the year, it would be 24 houses rehabbed and sold and would net $840kAnd for rentals by the end of year 1 there would be $14,400 (50% rule) cash flow coming per month which would equal to approx $172k year 1.After 3 years, the cashflow would be tremendous and would have enough cash from the rehabbed houses to buy these rentals.2 houses per month to rehab and 2 houses per month for rental it doesn't seem too much does it?

This site has been a tremendous source of information for me and I'm sure many, many others.

I have made many good connections there and it has helped me to grow my network tremendously.

BP has a tremendous amount of information to help you, but it is only available if you seek it out.

I'll be using that as a basis to talk to the professionals.Information available here and pointers towards other sources have been tremendously helpful. 

Both have tremendous equity or will once renovation is complete.