meanwhile, you can be a private lender to other co's that are already successfully flipping and just collect your 12% while building up your nest egg for a bigger entry after the market pops?

Wanting to work on a few deals here in the Cheese state and hopefully have a big enough nest egg to move back and continue the business.

I'm getting the idea that your plan is to run this as a resort, if so, the additional adminisration, cleaning, marketing and issues will eat into that cash flow and this could end up as more of a job than an investment consideration.

I have little doubt that they are totally on the money about their state's rules, however each state will be a little different, sometimes with differences in regions within the state and every broker will handle things a little different.So eat up all this great info and use it help guide you, but don't assume it is absolute fact since your situation might be different.

I am feeling like I am trying to solve the old chicken or the egg first question.

The first one is nest egg-reluctance.

I am feeling like I am trying to solve the old chicken or the egg first question.

Another issue using a letter is that you make yourself known as a note buyer, but if they respond 5 months later, you may not be in a position to buy it, now you have egg on your face.

Tenants will eat you alive if your attitude is feeling sorry for them and making exceptions.

Probably means it doesn't eat memory like CAD programs!