Josh,Sorry for the delay,I have found my sweet spot investing in 60 month D, E, and F loans, 20k and under.

Great answers already....The comment about being precisely wrong is spot-on too!

I buy silver at a $1.00 over spot price.

I'm not a fan of specialization in any method to acquire inventory, like foreclosures, a good investor can acquire a quality property from any source in the market and buy properties that aren't really identified on the market, for example; from an aging landlord who you spot cleaning out a rental or a wharehouse that has been empty for years.

hi michael  i'm in a similar spot and wondering how you made out with this and if your REI career has progressed the way you'd hope until now, 7 years later (7/2109)thanks

That is hilarious - and yet - somehow spot on too!

If the ARV "appraisal" is too low I could find myself in a tough spot or have to walk away from the deal and jeopardize any earnest money I've got into the deal.So what's my takeaway here...?

I definately agree with the others about the "hobby" thing, and I think Don's definition was spot on.

And they don't just open into a crawl space or between walls?

@Mark Ancerewicz I think you have good goals and having an actual budget getting started has you in a better spot than a lot of people.I'd caution you on expecting that high of a response rate.