Basically, I am attacking all recurring expenses possible without totally turning off tenants.

I agree with the previous poster that I would try to lock in as many conventional loans as you can though since its basically free money.Aside from that, you should be sitting pretty when the price points return to normal and you own a boatload of houses.The only other downside I see is that you're not getting to take advantage of having someone pay down the debt and/or the interest deductions.

(Not saying he is like that, but you always have to plan for the worst and hope for the best)That is basic concepts and concerns I can think of for now.

As an investor, I can't go as high as an owner-occupied offer, so now we're shaking the tree and trying to get our own listings.I've also been looking at out-of-state and out-of-county investment as a way to diversify as well as take the heat off.At least I'm glad I'm not the only one - LOL!

Shawn Dandridge,So basically in this case you are paying for an irrelevant LLC that is doing nothing since the LLC is required to register and file as an LLC in the other state?

I'm just getting started in real estate investing, rehabbing and wholesaling, and have a few questions about successful marketing strategies.My plan is to use direct mail (postcards, letters, etc), but I'm curious about other outlets to reach potential sellers.I'm basically just wondering what people have found to really get their name out there, and to get a higher close rate.Which marketing strategies are most successful?

Baseboard heat.

I would like to rely on altruism, but in the heat of a deal when communication is important, I think it can work if the mentor is invested as well.

This formula basically means you have 35% of the end selling price to cover your soft costs (Buying, holding selling) and profit margin.

Basically you'll be making an operating statement.