yeah Emanuel is making the transition from agent to investor, he is very smart and in over all he doesn't let his ego take the best of him as it is with my brother, the most important thing to learn is selling, yes I am very aware of what I need to improve in order to make an excellent agent.entrepreneur?

I would look for something much more economical/practical as values are lower and target audience may tend to include investors moreso than retail buyers.

I completely agree with you that one SFH with a cash flow of $1,200 per year ($100 per month) is not likely to greatly improve your standard of living.

Now, if there are other legal ways for me to improve my tax situation, of course that would be nice but with only 2 properties at this point, it hasn't been worth my effort to really investigate.Obviously I'm not even close to a CPA or a Lawyer but would gladly take free advice on how to save myself a few bucks...

I'm a newbie although we do own two duplexes and land that we would love to build on if we can improve our financial picture.

That is a lot of repairs/improvements you are planning on making.

TRUSTEE'S SALE OF 2061 ROYAL FERN COURT 12B TRUSTEE'S SALE OF 2061 ROYAL FERN COURT 12B Reston, VA 20191 In execution of a Deed of Trust in the original principal amount of $212,100.00, with an annual interest rate of 12.1500% from BRIAN DAVID BROWN dated August 26, 2005, recorded among the land records of the Circuit Court for the COUNTY OF FAIRFAX as Deed Book/Instrument # 17705 AT PAGE 2027, the undersigned appointed Substitute Trustee will offer for sale at public auction in the COUNTY OF FAIRFAX, on the courthouse steps at the front of the Circuit Court building for the County of Fairfax located at 4110 Chain Bridge Road, Fairfax, Virginia on January 30, 2007 at 11:30 AM, the property with improvements to wit: APARTMENT NUMBERED 2061-12B, TYPE B-R, SOUTHGATE CONDOMINIUM, AS DESCRIBED IN THAT CERTAIN MASTER DEED ESTABLISHING A HORIZONTAL PROPERTY REGIME WITH ATTACHED PLATS DESIGNATING THE RELATIVE LOCATION AND IDENTIFICATION OF EACH APARTMENT RECORDED IN DEED BOOK 3912 AT PAGE 254, AMONG THE LAND RECORDS OF FAIRFAX COUNTY, VIRGINIA, AND ANY AMENDMENTS THERETO HEREAFTER RECORDED, AS PERMITTED BY PARAGRAPH F.9 OF THE SAID MASTER DEED. and described in the above Deed of Trust.

For example, for a 100K, 200K, 300K house what would the min cash needed to purchase and start working on it with the intention to improve and flip or improve and rent?

Our Short Term Mission consists in improving local economies, by funding feasible transactions and projects to active entrepreneurs.

I agree with noobdog...most of what's you really need to learn will be retained during practical experience.