I may go with a realtor to market it just so it'll sell faster, and then I spend less on holdover.

Let's try to use real numbers right now.Say I paid $157,000 for a property.With 20% down, Mortgage is 6.5% 30 yr fixed for $125,600Let's say I spend money to rehab it.

Some times you spend money and never even get close to making an offer for the land.

Compare extended holding costs to what Realtor fee's would be.Here is a decent example:[b]$1,000 per month holding costs for a property of 100K value.

The second thing I see newbie’s do is the life story type where a newbie’s give you his/her life story about what they are doing in life and what they do and now there on hard times and they just have to make real estate work, now I’m sorry for your misfortune and I’m even sorrier if you’ve spent countless hours reading going to seminars and now you READY to do real estate but the simple fact is action speaks louder than words, so if you are spending all of your free time reading up on real estate your failing.

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Most investors come on short term visas of one month and then extend for a total of three months.

I would suggest that you find ventures that cost the least to nothing out of your pocket and take the 100K and spend on a night out!!!

I no longer have to commute during rush hour.I have the freedom to spend lots of time with my wife and child.

When you get through you could easily spend $40K, $50K and really not be sure the house will sell in this market to make a decent profit for your trouble.