Assuming the rents cover your expenses, in 30 years when the mortgage is paid off, and you’ve done the smart thing by raising the rents over the years, you will be sitting on a multi-million-dollar asset that cash flows thousands of dollars per month at the cost of a measly $20k or so out-of-pocket when you were 20-something.

In 2009, there were thousands if not millions of homeowners and investors who had refinancing in place ready to close on a Tuesday and suddenly on a Wednesday, without warning, the rules changed and they were stuck with properties that they had borrowed hard money to purchase, home equity lines to purchase, cashed in stock investments to purchase, borrowed money from friends and family to purchase ~ all with the plan to refinance most of that money back after the deal was done.  

This flip could net me between $20 and $140k which would be a nice start.My background:I'm an auditor for a public accounting firm and have worked for a contracting company assisting in project management for rehab of buildings exceeding $6 million.

Hard money wants 3 points and 12% and the buyers are asking me to see if I can find someone with more attractive rates.

there is a great website that has nearly half million members many of which have a lot of experience... you should join.... i think it is called biggerpocket.com    :)     welcome aboard.  

Actually I would probably start with Facebook Ads to target people I would like to attract.  

Since its Crete 394 might be attractive.

I believe these homes have been harder hit as tier 1 started attracting tier 2's normal target market.3.

I am worker to begin my journey to millions and start by creating multiple forms of income. 

21st Century has a CASH program that is considered one of the most attractive options for new homes.