I don't know what your laws are up there (disclosure: I am not an attorney or title expert) but, I do sit on a Board as the treasurer and can tell you first hand, you do not want someone like me seeing this kind of deliberate action in my state, and here is why; Illinois, allows associations to file judgements and put liens on your condo if you are delinquent on association dues.

Bill Gulley I understand the definitions of loans, maybe I need to learn to be a little more clear in my headings lol.

Bill Gulley hit the nail on the head.

@Engelo Rumora We shoot what the bird dogs point out and retrieve, and then give a nice pat on the head and a treat.. a great bird dog is worth their weight

If it sounds like they aren't in the same ball park as me then I won't put a lot of time and effort into the deal.I'm actually heading over to see a triplex today because the seller 'sounds' motivated but mainly his asking price is acceptable for the area.

I have no money saved up, bad credit from school loans which was a waste of time after getting two Associate degrees and also credit cards.

I have no money saved up, bad credit from school loans which was a waste of time after getting two Associate degrees and also credit cards.

If you're looking to do a short sale, most banks won't consider it unless the home is headed to foreclosure among other factors.

My initial thinking is to buy (and potentially fix up) 1-2 properties before heading to school, that way by the time I graduate I'll have paid off the mortgage enough to take a HELOC and invest in a new property, potentially a commercial one.Any feedback or tips are always appreciated.

In reality Johnny, if you need to ask if returns should be monthly or annually, you're in way over your head.