At the very least, his explanation of positive cash flows in rental situations is pretty darn close to what BP vets follow as well:http://www.johntreed.com/positive.html

If you are asking what type of position best prepares you for a career in real estate.

There are 1st position notes, which means that their is only one lien holder. 2nd position notes, which means that their is 2 liens on the property.

Of course, you want a property to be cash flow positive taking all expenses into account.

First, you want to make sure the property has positive cash flow.

I'd call a pest company like Orkin; not positive they do bats though...

Many loose their home because they can't truly afford the mortgage note on a hard money lender.If you would be in a position to refinance your home within 3 month from a hard money lender - then I say you have an option.Rest assured that if you miss a payment they are not as cooperative as a conventional lender - 25% of equity in it - and an investor mentality...lol you better suck salt to make those payments LOL.

If you split up the note you lower the value in all but the first position note and complicate the transaction more than most note buyers will care to dissect.

I don't do much in the way of flipping, I am more in the market for rentals.Yes, I have thought of keeping my license for myself, but it would cost me several thousand a year to maintain.Would love to hear from someone who has been in this position.

has anyone had positive experinces with one over another?