I was trying to merge this goal with the goal of a moderate cash flowing property but it seems this isn't a possible scenario.I intend to invest in cash flowing properties outside of this deal and have already done one cash deal where I bought a property all in for 33k that would comp for about 35k and sold it on land contract for 48k, with 14k down and the balance to be paid at 8% over 6 years.I am continuing to learn and hope to develop my knowledge and comfort in doing a variety of real estate deals but for now I will start with buy/hold rental properties or land contract notes As I have minimal sweat equity/time.My financial situation is interesting as I am a fourth year medical student who will not realize a substantial income for another 5-6 years.

Like I mentioned earlier the dollar is going to continue to lose its value, as such, all the costs associated with buidling a house - labor and building materials will go up, thus boosting the median price which acts as another inflation hedge.

I understanding starting locally, paying your land lord dues and making your bones in areas close to home from a logistics point of view... but after you've done a few, is it wise to continue in a less efficient area or expand your horizons to better investment arenas?

It's probably REO, so the electricity is usually off (unless there is very good reason - I went through one that had a sump pump running continuously even though the weather was and had been dry; I suspected a spring of some sort was pumping water into the basement).

First off, you brought up an old post from the dead and laws have changed, so if you have a question as to a L/O, might look at more recent posts and post a new question.No idea why hitting enter for a new paragraph would post this, so having to continue as an edit!!!!!

Josh has done a great job and continues to make it better.I wished I was in your position.

At least a little bit.My tenant is very good and I can continue to pay the difference.

Continue educating yourself (by whatever means you can...Including reading BP), work hard, and start networking and you will be well on your way.

We want to be the best at our business and after this forum I'm sure this will be a great topic for us as we continue to grow and improve.All the best in your business.Chris

I would also like to work closely with other investors to help them succeed in their ventures.BP has been a great resource and I will use it as a tool in my arsenal to continually learn.