The couple I have done recently were 20 year loans at 6%. 

Im specifically looking for house that need some work but not so much that i cant handle with a couple of buddy’s on a few weekends.

I have a couple of questions regarding a property I came across by chance that is currently in pre-foreclosure.

I think ideally we'd buy a place a couple months before I'm set to start school and I'd move down and do the work.

@Mike Atkins owners is an old couple, they are relocating to the beach.

Works in a couple of days. all fleas GONE.  

I'd imagine the profits on the first couple of flips will be weak and it will be tough to build enough momentum / capital to keep going.  

I have insulted a couple of people.

I have also found that since I am in such a competitive market (central Florida) that the rate is low enough on the 4-bedroom that I often get couples who could stay in something much smaller but find our house worth the slightly higher cost.

Brian, I don't think investors WANT to see 50 or 100 houses before they make an offer but I would make a couple of points:1) As I tell my life partner "you have to kiss a lot of toads" before you find the right one but this is related to how you find the home...meaning if it is on the MLS - typically harder to find a deal although not impossible, if you drive for dollars you might have to look a lot of owners up but if you get to the point to see one odds start to flow in your favor2) If what you refer to is being a newbie and trying to understand what a good deal is or is not and if you have the time, touring that many properties to get an idea of value is fine.I have a w2 job and family so never had the time to specifically look at 100 properties with no intention to buy --  this is in no way a requirement.