203k is appealing and can make magic happen, but in hot markets (LA in the summer...) the house and the situation of the seller really needs to be a perfect match.In general you don't go find a house to 203k, you go look for any old house, coincidentally find a house that happens to coincidentally be a perfect fit for 203k, and then you start talking about 203k stuff.Typical characteristics:Too crummy for cosmetic flipper types to want.Seller more motivated by sales price than by closing quickly. 

Our current circumstances/goals are key here... my partner is my boyfriend, we're in our mid-twenties, we don't have children and we look to invest in the same area that we currently live in.  

William F. It

Until I reach that I goal, I am educating myself on evaluating deals.

My goal is to send out 5-10 letters a week, depending on what I find.Yesterday I received my first response from a letter I sent out.

Define your goals and network with mentors who know the local market.

So in my opinion this would not be a bad goal. 100 was also the number needed for Lendingclub diversification.

Hi everyone, I am close to investing in my first duplex buy and hold property and have a few questions for experienced investors:1. the duplex is currently owned by turnkey supplier.Based on BP rental calc, the numbers seem to work out okay for my goals.

My goal is to be able to work with real estate full time and make a decent living and save for retirement. 

Keep copies of the listings – read the remarks and price changes Your goal should be to become knowledgeable on values in your area.