Both properties together would still cash flow positively but not enough to facilitate much of an early pay off.

Another option is to partner with an experienced investor or mentor until you are in a position to work deals on your own.Take a deep breath and one step at a time!

You would be doing Residential financing, so the rules are somewhat different.Most banks will require PMI (Private Mortgate Insurance) unless you have an equity position of 20% or more, that means 80% CLTV (Combined Loan to Value) or less.

When banks do these loans, they require significantly higher down payments to insure their equity position in the event of a foreclosure.

Living on Long Island, the winds were taken out of my sails after realizing I could not find anything close to positive cash flow.

So since you are familiar with short sales, you know how to fill out their balance sheet and see if they have a chance to save it by their positive cashflow....correct?...

I'm happy to join what seems to be such a positive online community and am looking forward to networking with others - especially those in Virginia.

I know one consideration will be positive cash flow.

We have even had a request from HGTV for more information.Based on the positive reception from the FSBO market we are looking at refocusing our marketing strategies.This entire post is not to promote our services.

Always stand your ground when it comes to needs, if you must compromise your position be sure that you do so with your wants.2.Try to identify the sellers/buyers wants and needs- By knowing what the sellers needs are you may be able to keep a deal together by making it a win-win for both of you.3.Know what you are trying to accomplish ahead of time- If price is most important to you then focus you efforts on price.