I'm hoping to be able to lean on the advice of this group, or some mentors to make sure I'm not hanging myself the first time around.As far as finding a deal goes ..I keep hearing there are tons of them .. so I'm hoping it won't be too difficult.

They conveniently forget what a smart businessmen they were by saving $50-75 when they have a total loss... but market has picked up and they can no longer find properties at the same price point.

I fully agree with you that if you can find a deal that fits your needs close to home it is preferable but take it from me, do not invest close to home simply for convenience.

You can see which way I'm leaning but I can see her point as well.Tell me your thought from someone that has been doing this a little longer.Thanks

This is a flip so im looking for the best value creator to a homebuyer.Would you rather have 4 beds upstairs with a cramped hallway bathroom, or a 3 bed 3 bath with a hallway bathroom and a master suite bath.I'm leaning towards the 3/3 conversion.Thanks!

They will lean on the reported income, so if it is lesser, that is the borrower's problem from their view.

I do not think the risks justify the convenience.

I am leaning towards my first answer.

This can be passed along as a "convenience fee."

I am leaning in the direction of keeping just the one bank account in my personal name for future single family acquisitions unless I decide to partner with someone else on those.