In addition, as market rates rise newer loans are closer to the target return thus reducing a need to discount to achieve the desired results which can translate into perhaps less risky assets.  

In addition to studying here on BP you should attend local REI meetings in your area to network with others and build relationships.

And if you make a little over that amount, then it's time to start throwing money towards your 401k to bring down your tax rate, or find any of the other ways to reduce your tax bracket. 

2) If seller's agent was blowing smoke then walk.3) Don't waste time and emotional energy on it in addition to losing a few bucks.4) Focus on the next deal instead of the misery of this one

In addition, even if they did use meth they may not have done it in the property. 

In addition, for the ones that do make it to the market, owner-occupants face stiff competition from the plethora of investors in the NYC area. 

That way, if anything major is discovered, you'll have time to assess the situation and obtain additional inspections from other specialists as necessary.

The way we look at it, if hard money can enable us to purchase additional properties more easily or with less of our own cash, then it can make sense.At this time we are actively looking for our third buy/hold.

@Risa Hind I'd like to second what @Ken Badziak has said (and of course I always like a guy that BP's with a glass of wine in hand ;) I would like to point out, however, that in addition to all the taxation issues you have the issue of reserves to consider.

It was completely rehabbed with an additional  $150k.