You might want to shop around on craigslist - my last one was closer to 3K, but could have been smaller size.Are you positive the water leak was from the toilet and not a frozen/leaky supply line?

I own a property subject to the first lien and I would like to purchase the first position note from them at a discount.

I see very few positives over the previous version.

I would like to learn a few fix and flip then get some buy and hold for longevity.It's scary of not knowing where to actually start but I know My mentor will be teaching me a lot on how to get started and just go for it instead of just reading and wishing to start, as I know if I keep positive and educating myself through these forums, blogs, books, and networking I will be able to succeed and help mentor others in the future.

Are you looking for something like an intern position?

You are in the enviable position of having some money, but no property.

If the answers to these questions are positive then you should be able to get them to release the liens on the other properties.

You can still get positive cash flowing properties in Las Vegas and Henderson, NV.

There are a lot ways to learn and as for being a paid mentor, I think you would find yourself in very uncomfortable positions.

I plan to pull out 80% of the ARV as long as it leaves me with a positive cash flow of at least $100 per month after expenses.My thoughts are I can get some of the benefits of "flipping" (quick cash out) with out the tax repercussions because I am putting it on the market as a rental.The only question I am still researching is if I can write off the "Repair costs" in the same year because its a rental or if I will have to depreciate it over time.