Trouble is, currently it seems very hard to find anything that will yield a positive cash flow here in So.

I know some sellers are not in a position to invest that 10% (financially, or because of their time or expertise), but still...I guess my point/question here is - does the above logic seem correct?

I've always found investing in and developing properties to be interesting, so I want to get some experience as it may be a potential career someday (note: I'm not looking for a position as a real estate agent).I've spent a ridiculous amount of time contacting commercial real estate firms that I found on the web, but I have not gotten a positive response from anyone.

My short term goals:get a mortgage and buy at least a 3/2 house to rent w/a positive cash flow.Move into it, and either rent or sell my residence.

Seek opinions from those who are in a position that you would like to be in.

If you were in their position, what would you look for?

Whatever the market has appreciated during the course of construction, this is in addition to your 10% up front equity position.

Learn the ins and outs of a house, how to do the minor check ups and repairs and also look at a couple of tax returns with the "benefit" of deducting taxes and insurance instead of taking the standard deduction.If you have a rental it's possible to have a positive cash flow (you should never buy a rental unless it has this IMO) and still record a tax "loss".

If it is the second foreclosing, this does not affect the first's position.Technically, you could short sale any of the positions if they are willing.

You should be cash flow positive day one.