I know my cash flow will not be the best if we rent our first investment property but we are still thinking about it... here's the facts.Bought it for $12k - fully remodeling it with new roof, paint, windows, bathroom, kitchen, carpet for $12k (my fiance has a big construction company!)

There are times when I walk in the main door, then walk right out because the property has zero appeal to me since it does not conform to the two preferences I have.Because she wants me to make offers that are ~95% of asking price, I haven't made a single offer yet.

With that said, it makes no difference if it is the state next door or across the country, so long as you build the right team.

And it was the breakdown in czarist Russia that opened the door for Vladimir Lenin and the Bolsheviks.

If it was me, I would take it as an excuse to get me out of the door.

Pure bunk.If you could do the following:* create a website for TBers to leave their info* get door hangers and flyers and bandit signs up for TBer to be driven to Web Page* get TBers money together, whether it is a loan from Household Finance, or loan from their parents, what ever* convince the Seller that the sales price is a new appraisal, period, at the time the TBer gets financing approved and funding letter is typed up* learn about credit reports and clearing negative marks (Fair Credit Reporting Act, FTC, etc)* have a goal where 10% down payment is arrived to get good rates* have the seller pay closing costs* you as an agent get 3% now, 3% when it closesThe challenge is helping both the seller and TBer get a win win, not easy.i.e.

The other has 1 bedroom, one study of some sort, and 1 bathroom.

Personally, I contacted a title company and they gave me the name of a CPA who was hooked to a brother in law attorney who held the money in his escrow account.When the time came to get my $25,000 the doors were locked to the accounting firm and the law firm never heard of me or my money.

I would get the property under contract with a couple of back door exits.

That opens the door for them to take advantage of you.