Most Meetup are announced and bombed with a lot of keywords to attract as many views as possible.

While it's obviously a cheap house, the immediate neighborhood is quiet and mostly O/O and attracts lower-income but stable folks.My initial guess is that the fixed costs involved in order to achieve compliance (licensed mortgage originator/servicer, etc) would be fairly significant compared to the money in the deal?

I won't hold my breath though ;) lol @Brandon Turner -- I was reading through the Beginner's Guide last week but I actually came across your "7 Years to 7 Figure Wealth" book on RealEstateInYourTwenties and loved it!

If NYC wasn't such a good investment on a long term basis why would it be attracting so much investment from people around the world? 

(Check out the podcasts that talk about attracting investors or getting financing.)

I price low, to attract multiple bidders and if the highest price has no earnest money, I'll probably sell to the next person.The earnest money serves a practical purpose of compensating the seller for lost time and marketing ability if the buyer bails out because the buyer found a more attractive property.

I'm going to use this to take advantage and save up some money which I will probably use to pay down the current balance to be able to re-finance if thats still an attractive option at the time.

Seeing as we are looking at filling so many lots that is most attractive to us.

@Sudheer Bobba If you want to title the loan directly to LLC, your options are a residential portfolio (30 yr fixed) or a commercial loan (5-7 yr ARM or balloon).Rates/points in both cash are not as attractive as Fannie/Freddie.

In my area, they make it very attractive to work with people that are homeless because their is a strong stigma against what it actually means.