Are reno's more cost effective or cheaper without a contractor?

If in combination you only have $10k, this will mitigate the property purchases you can make which will indirectly effect your potential gross income in fix and flip situations.Once you sit down with the attorney, go sit with an accountant so you all get educated on how it all works.

THANK YOU to everyone who commented my posts and contributed to the thousands of topics on this site, to help me understand what I bring to the table, and be able to communicate that effectively to someone with money, looking for better returns.

Direct advertising via the internet, forums like this etc. is not likely to be effective.

If so, what marketing method and targeted group (porbate, absentee owners or pre foreclosures)do you feel has been the most effective for finding motivated sellers?

But I see no reason why an effective system can't (or shouldn't) be employed in multiple markets, provided you can find effective managers to assist you.

Also, what could be some negative consequences of this type of mortgage in terms of their effect on my ability to acquire additional properties in the near future?

If the yard looks like junk, send a notice to clean it up or you'll clean it up.

Many things will effect the terms and us three are generalizing what those terms might look like.

It is very cost effective, and took me maybe 2 weeks to file everything and be officially incorporated.