You are banking on major appreciation.I have no idea what appreciation is like in that area, but it would have to be an annual appreciation of 10% or more to even consider this deal.Here is my reasoning.

Debt to income is a major component of your FICO score and when you buy multiple houses (especially if you're rehabbing the houses instead of renting them out) it is quite possible that you're presenting a larger risk.

You can examine the beginnings of one of Tiger’s major sponsors, Nike, for a little insight on Bill Bowerman.

Maybe it's not as quick as "tomorrow" but the majority of the people trying to get rich by tomorrow aren't even following the rules of those programs/sytems anyways.

The problem is their vacant home policy department usually works during normal business hours and I, as an auction buyer, sometimes find out that I own a property too late in the day to get it covered.

article=3976-1This new bill is a major change in Ohio tax law and can put a hurt on your bottom line if you are a major player in the state of Ohio.

At least call the local planning and zoning department.

I'm having major problems finding tenants (see my post in the landlording forum area), and despite the best screening (evictions, credit, etc.), I'm about to evict the second tenant in one building this year.

I keep minutes, use the LLC's bank accounts ONLY for business purposes, pay all fees and taxes, emboss original official paperwork with the corporate seal, and document all major business activity.

.- Flip a single family house with NO MAJOR REPAIRS.