Unlike many private lenders we are also required to mentor "newbie" investors with regard to property suitability, and to pencil out their goals so as to minimize any risk of our client getting into a "dog deal".If you are active in my part of South Carolina I look forward to meeting with you.

I saw the home this weekend.

I'll second the notion of getting active at a local REI Club.

I then did the rehab myself, working nearly every day in January, including weekends to get the property ready to rent.I use the term rehab fairly loosely in this case, because the rehab consisted of interior paint throughout, new carpet, fixing some plaster walls, new appliances, some minor DIY plumbing and electrical, and basica cleaning.

I can usually spot something that really lacks curb appeal and do the cosmetics in a weekend.

Good news is the project is completed and i will be veiwing the property this weekend.

Based upon this data we are looking at a projection of over 50 Major Disasters to hit the US by the end of 2006In addition, we are still recovering from fires in California, Colorado, New New Mexico, Oklahoma and Texas.Yet, we are still going to have to deal with past Hurricane damage.And we still face dry conditions in various parts of the United States that produce fires and we have yet to step into the Atlantic hurricane season that lasts from June to November, with the peak season from mid-August to late October.On top of all this over 350 tornadoes have been recorded as of April and this could be one of the most active and deadly seasons in historyFor more data see: http://www.spc.noaa.gov and To compare from 2005 to 2006 see: http://www.spc.noaa.gov/climo/online/monthly/index.htmlAs an investor we are tough to research property titles, market value and market trends but one major area that is left out is storm trends.Why storm trends.

In short, it will cover a broad range of foreclosure consulting/buying and places restrictions on those activities.

Please stay active on the rehabbing forum with questions and experiences.I think that your strategy of flipping and putting profits into rentals so that you can pay all cash is great.

.:)As far as doing $20k wholesales on very limited funds, I'll write up a step by step response of exactly how I did my first deals when I was BROKE (with copies of the checks and hud) sometime this weekend.