I will rent to someone who has never been evicted, has positive references from past landlords, and makes 3x rent, but has a low credit score of 525 (maybe because they missed a few medical bills or whatnot) any day over a person with a higher credit score (say 650) but has had an eviction filed against them, or has negative references. 

Ok guy so I'm new to the driving for dollars, So here's the question: When you find a vacant and distressed property with city notices dating back a couple of weeks for things like grass up keep and what not.

Of course they want us to pay cpl of hundred dollars for training sessions and what not but i did learn couple of new things that i would like to discuss. 1.

Also you must be aware of your Electrical capacity load and what not.    

hello Michael tanxs for advice, Im also contractor in this firm of home remodeling just by having a walk true a place i would know what the home would need in repairs or what not, how ever I do have a good team of cash buying " Investor " and just for the record, im not from San Antonio TX.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

I've learned a lot about what to do, and what not to do, since I ventured into this business in 2005.Ursula

But it seems to erases everyone that i have known and any previous posts and what not. 

I am amazed that so many beginners gravitate toward flipping, This is some of the most involved enterprise in all of RE.1.Understand your marketplace correctly, which leads to2.Estimate retail price correctly3.Price the repairs correctly, which leads to4.Make the right offer5.Have GOOD contractors, which is hard for a newbie without a track record, which leads to6.Remodel correctly – know what to do and what not to do7.Structure financing correctly8.Structure the selling process correctly9.Buy, so that you have 3 exit strategiesAnd then there is more…You mess up anything on this list, and you will pay with blood, sweat, tears, money, and debt.

They also won't lend the whole amount and you'll have to absorb all the loan origination fees, appraisal costs and what not.