However, it's the property is in the Hayward Highlands, so the neighbors in the immediate vicinity are pretty well-off (You see porsches and teslas driving down the road in the neighborhood pretty often, and lots of the neighbors were successful managers, executives, successful contractors etc in their careers).

If you find a tenant and have an executed lease agreement, that can be use for lending purposes to offset you debt to income ratio and help you buy another home. 

Joseph Nykian, as attorney-in-fact for Mentore under a power of attorney executed in 2001, and Jones mortgaged the property to Ameritrust Mortgage Bankers, Inc.

Growing pains and learning how to shift from wearing all the hats, to wearing the executive hat as much as possible.

And then execute the investment.  

Many opportunities out there, and many ways to execute (not always requiring a bank). 

Most are professionals of some sort - doctors, lawyers, executives. 

If we add value and are able to execute the flip successfully, the risk of a market correction is significantly mitigated by the added value...particularly when compared to the alternative of purchasing a stabilized property instead and only experiencing the market correction with no value added.

Having made every mistake in the book with our first few projects, we are now confident our system won't produce this kind of product again.We now source our own deals, build our own project scopes, and have thorough, automated due diligence benchmarks at all steps of the process to minimize risk and facilitate execution.

The numbers have to work for you to execute this properly, make sure you are breaking even or cash flowing every month.