Smelly, but covered in leads!

He then negotiates a price for the deed/lien, signs a contract with them and takes a down payment that will cover the price of the lien/deed from the state.

I should also note that I do have my real estate license, but I honestly don't have the time to use it, but man, I would save a lot of money if I did :D Target Profit Margin $18,000Actual Profit Margin $17,500Financing used: 80% of home and renovations covered by bank with an interest only construction loan.

Any snags that you've run in along the way that the book didn't cover?

If I listed it go get an agent or else I am going to cover my seller.

I think the challenge would be to find a deal that would be profitable (esp in the SoCal area) since I would start with a low amount of equity/larger mortgage payments and rents that don't quite cover all of the costs.

If your job merely covers your "day to day" expenses, how about monetizing your car like driving for uber until you have enough for a downpayment?

Is it possible to cover the three units in a single conventional loan if I am not purchasing the entire quadplex?

I told these people several times I was in contract with someone else and they said that what I am signing is not a contract just an offer and if the other place couldn't find a soultion to the child support thing,they would buy and I had till the 8 of march 2016,yes they put the wrong year,to decide,not even an hour I called them and told them that I would not need their service,that my realtor came up with a solution,they called me two days later,at 8pm at night,sounded drunk and said I couldn't back out,that I signed a contract,well I pulled the paper that I signed out and at the top it saids real estate purchase contract,he had that covered when I was in his office.

If they don't have enough money to cover foreseeable expenses, then the only upside of HOAs -- the maintenance -- is gone.