the property is now bank owned...foreclosure... and while i have not yet figured out a way to finance it.... i still plan to speak to a realtor about it tomorrow and try to get more information about property / comps in the area.  

When we speak about equity build, that refers to factoring in your 120K debt shrinking as you own the home (thus there is real "cash" you are "earning" if you hold long enough).Equity build is important - aside from tax benefit and appreciation, it's why you investing in a corporate bond at 4% is less appealing than in a home that yields 4% after debt service.

I 'm speaking about buy and hold property's thank you.

as opposed to 1 vacancy in 20 and you realize it's empty 4 months later,  so to speak 

Highly recommend you speak to him.

You could say parts of our mountains, deserts and the San Joaquin Valley is our midwest version sort of speak:) The rei meetings sound like a great start too.I think it is important to recognize some out of state promoters have been giving less than stellar advice for years.

I will be speaking to my next one tomorrow.

Hi there, I was interested in speaking to someone in the Newbury Park / Thousand Oaks area about the current real estate market out there.  

I know it sounds good, but speaking from experience we have all been down the road of 15K budget that turns into 20-25K easy on a project.  

I haven't had mine challenged in court, so I can't directly speak to that, however the guidance on this that I have received is that the reason they are challenged in court is because people don't treat them like a business.