See also "The 150+ Most Common Repairs You'll Encounter" in the best source I know of at http://get.biggerpockets.com/flippingbook/ (and the free companion book The Book on Estimating Rehab Costs)

Reserves not the issue but retired and using various sources for income.

the links Dave provided are great sources to start building your foundation.

I'm in your market, and I've got to say I'm pretty underwhelmed with the MLS as a source for picking up deals.

If you borrow these from two sources, there would naturally be two mortgages; a first and a second.

I am certainly a proponent of leveraging other people's knowledge and time so taking an attorney out to lunch to get a more in-depth look at how this is a viable source of income.Any Change you can bless my other thread with your knowledge?

You'll also get a source for great tax tips, use of funds, leverage analysis and other need to know topics that investors must know.

I'd like to think it was some source of inspiration..

Slow the roll here a bit.In the United States, we have tax treaties with other counties which essentially state that US sourced income is taxed at 30%.

@James Syed commercial brokers can be a good source of the market Cap.