I guess I hadn't expected anyone to hang onto each individual word -- I'll give you this one, because I knew as I typed it that it was not the accurate word choice, but it was late and i was tired.

i'm all for people reaching their goals.and yes, 17k is a good amount of money...and i'd hate to see someone attempt to buy property in or near NYC, with only 17k in the bank and watch it all go right out the window.to me, you've got to move where the market is improving and where it is affordable.surely NYC and long island is not the ideal place to START.now if your 17k was 170k - then we're talking.

Ideally it should be an independent third party company (their Aunt Martha doesn't count).

That is way I am currently seeking any individual who is willing to learn how to invest the right way.

As far as individual SFR deals go (not bulk REO) I try to stay in CA.

Since some of you are, unfortunately, looking for a new one, what would an Ideal PM provide to you in terms of services, information, reports, etc. and what do YOU feel would be a proper fee structure?

While real estate investment would be my ideal occupation I am curently just trying to find a home that we can afford.

The IRS would not allow the individual to deduct the mortgage because the interest is not from a personal residence or vacation home and there is no rental property in the individual's name to offset the deduction against the income.

We buy individually, generally only requiring 5%- 10% down and usually with a seller credit at close that will cover future mortgage payments for 1-2 years plus closing costs.Why not post the numbers on a typical deal?

Can you share the terms and conditions of the loan you are about to get from this individual---what type of loan program at what interest rate?