Try to find some common interest with the appraiser for small talk.

Even if it hurts your credit, you are likely looking at a few years to build up credit once you become self-employed in real estate, anyway, so you could be doing it all at once, clearing the slate instead of hanging onto a loss, unless the market is returning to that condo area and you see it appreciating enough to get you out of it soon without a short sale.

There are lots of other things that might be factored in.Is there any common areas that you will have an electric bill?

Will the bank check with my employer and ask questions or do they just check to see if I have been getting paid?

Hello BP, As I'm in the process of getting my license, I've been considering that upon completion of the course I would try and get employed with a local real estate company.

Creating wealth is all common sense, the mechanics are surprisingly simple.

Such are common in my area and the home needs to be peeled off.

Chad, it's not capital gains, it's ordinary income, plus self employment taxes(both sides of SS/Medicaid).

Also, @Scott Voytko, the river thing is a common misconception.

Hi Andre -Of the local wholesalers I've connected with, I've seen it all, but this tends to be what's most common in my experience from them:-Use a flat $25,000 for all properties-Take a completely uneducated and wild guess-Partner with a GC or good handyman to estimateI prefer when they use option 3 personally :)