You're sure existing cabinet quality is in line with granite counters?

You're right that people need to rent even in the bad areas, but tenant quality is huge.

Just not enough inventory, and what was there was getting bid up to ridiculous levels.We've spent the past year working on alternative methods of acquisition, and are finally starting to get some deals in the pipeline.

Most will want you to pay them, they drag out the process out so you'll pay them longer...dah...The quickest way to start doing deals on your own I to understand it from the beginning, general methods, regulations and laws in your state.

I am currently visiting Mumbai so gimme a few weeks until Im back to my Sports Illustrated quality pics in CA j/k :)

It is one of my prime deal finding methods.

I have considered many financing methods, and have decided that FHA was probably the best route for me at this time, as I plan on being an owner-occupant anyways (which you need to be to qualify for a FHA-insured mortgage).

They have a vested interest in the quality of the neighborhood and let them know to call you if there is a problem with your tenant.Congratulations on your first investment, may you get many more!

Just like you could raise $$ more quickly and easily if you have a quality profitable business going.

Sometimes that method can work also.