The money you are spending on the condo per month plus the negative cashflow likely could be better invested somewhere else. 

What you need is to entrust a good lender to review everything with you.

However, I'm stumped at the estimate costs/offer part, and to a lesser extent financing as well.On the one hand I kinda need to know how much I'm going to spend on repairing/renovating the property, but on the other the likelihood of a contractor looking at properties with me for free won't happen unless I have a property under contract. 

So I would not spend the 10k on real estate.

View report*This link comes directly from our calculators, based on information input by the member who posted.I am looking to put an offer on a property in San Diego, in 92102 area code. The property...

Yes, 10% on borrowed money but each situation would be review on an individual basis.. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Hey guys, what do you think about the numbers ran on this deal..I know it says rents are ...

We spend 4-5 hours a week managing the building (much more with turnovers). 

Here question to me below:BANKER RESPONSE: Just a quick note to say that I’ve reviewed your initial proposal and will be running some global cash flow numbers to see how they look.

I suggest anyone who wants to do whats preached on BP or gurus do what I did and send it to the state for confirmation.. then you will know.. us in the peanut gallery we don't know.. and I have paid many a fine when a layer told me I was good.. but the state had a different opinion.. granted we could take it to a law review judge for a 100k.. but who is going to do that.State of Oregon - Real Estate AgencyFrances Hlawatsch | Financial InvestigatorBest regards,Thank you again for the information, if I have further questions for you during the investigation I will certainly reach out.The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.