Alex, also check out John $cash$ locke http://www.cashnowusa.com/ I haven't personally paid for his system, but all I hear is great things about it, that guy has done over 500 verifiable Sub2's.

I will be using private money to execute a back to back closing, but I don't was 6500 locked up in escrow.

HOWEVER One side of the kitchen doesn't have cabinets (so I'm going to have to find the match), the floors in the bedroom needs to be finished (it looks like the former owner was beginning to put hardwood floors in it) I'm thinking of just putting carpet in the bedroom since it's not that big, the bathtub needs to be refinished, the balcony needs vertical blinds (or curtains), and it looks like the entry door needs to be replaced (or fixed where the knob and lock is, it's a knob with a plate where the top lock was).

While I haven't seen his contract yet, he told me that he handles everything: advertising, screening, writing leases, holding deposits, evictions, lock outs, maintenance, etc.

Even if the property does not go up in the next few years, you will have purchased a good enough price to lock in equity/profit and sell when the time comes, or develop as you see fit.

Opinions are welcome....A tenant has called twice now in 1 month saying they were locked out of their apartment.

I see it all the time, investors driving neighborhoods with their windows rolled up, doors locked, afraid to glance too far from their notebooks.

So, you have an asset, probably mortgaged, that is increasing in nominal value while the debt stays locked in at a lower level, and you pay it off with the cheaper future dollars.Debt is a killer during deflation because dollars are getting dearer and dearer.Myself, I'm trying to get my credit card and other non-fixed rate debt paid off ASAP.

So, Matty, locking in fixed rate loans now seems like a REALLY good idea!

When you locate a prospective property do you want to make sure that your locking up the property 70% LTV?