When we first purchase a property we look at the systems & determine the expected life.

Since I live out of state, I need to determine whether or not I'm hiring to have it done or not.

However, that means you need to understand the concepts involved (how to estimate rehab costs, how to determine ARV, etc).

I wonder how one determines if an investor is accredited or not.

Hi All,Please help me determine if this deal is a work away or at least a decent one.Purchase price: $255,000Rehab: 0Total Expenses: $21,657Total Income with 10% Vacancy: $49,680Seller will carry: $40,000 at 9% for 3years.However the seller condition is a bit wacky if you ask me.

If so, how would you determine the amount/percentage of split for the "borrower"?

:It's what the fair tax concept is based upon, of which I am a proponent....sorry if I am too simple...maybe I should find something else to do...One has absolutely nothing to do with the other...and the two financial models are completely different...The Fair Tax is -- in theory -- a fixed, non-negotiable tax charged to a pre-determined party (the end-user).

You're going where you don't need to go at all, a sale contract is all ready made for a buyer to acquire good title, free of encumbrances, that would mean that you are to receive the full bundle of rights of ownership unless there are restrictions to title like a utility easement or HOA restriction made of public record.

My point here is that we are flexible and determined to do whatever makes the most sense.Help me: Strategically figure out how to leverage, say $40k into our first few properties - I am familiar with tons of creative financing options but I'm interested specifically in conventional financing using our good credit to get started.

The bottom line is I need buyers and I'm willing to learn whatever you can teach me because I am determined and motivated to be successful at this.