It doesn't quite remind me of 2004-2008 since the borrowers need to have a history of paying their bills on time and provide evidence of the capacity to repay the debt, for investment properties lenders are requiring anywhere rom 10-25% down depending on the loan amount and documentation. 

Quote from @Piper Pepperidge: Looking to do my first flip, was originally looking at baltimore, but it looks like it's moving towards a buyer's market and inventory is very high so I'm looking for other hot neighbors with low inventory.ThanksHottest markets are inner ring dc suburbs, moco, nova, even Howard and Frederick, I can tell though if you are a 1st time flipper you will lose money, I’ve been doing this for nearly a decade and I cannot hit my numbers, I met with a flipper a few weeks doing 12 a month, has his own crews, buys off market, literally a full time business, even he is struggling , it’s a bad time to flip right now tbh. 

Unfortunately, I work a full-time job during the day and don't have a caretaker for the property, which makes it difficult for me to reach her at times that work for me.At your advice, I will definitely consider sending the five-day via certified mail. 

Next time don't let them get "several" months behind, you need to start the process as soon as they are late.

The wholesale electric rates depend on location and time-of-day in 5-minute intervals.

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

thank you in advance for  time and responses! 

I bought a house in Marietta that had a full finished basement, but no kitchen. 

Quitting your job to do real estate full-time is obviously attractive.You could listen to all of us telling you not to do it, but sometimes you just have to take a chance and make the best of it.There's a lot of successful people that didn't know they could fail and succeeded despite the odds.

The terms of the financing (interest rate, balloon payment timing) need to make sense for your exit strategy.I would recommend getting a detailed inspection to ensure there aren't any major issues you're overlooking.