I saw the last cycle downturn.

I bought 8 properties in the last 2 years with very little of my own cash.  

It's a slow process, I've been working on a 2.2 million deal for 5 months and the last 4 weeks and counting have been contract writing and attornies or owners somehow thinking one word will unlock pandoras box and let us take their building for free.

This won't be the first eviction you will do, and it certainly won't be the last. 

Thankseveryonee for your feedback,This person sold his primary resident last year and renting right now but the property in new york free and clear..though he lives in south carolina... should I consider new york home to be his primary resident cause I dont want to get into residential lending..thanks

I would have to agree with @Eric Armstrong, good deals do not last on MLS in our market.

They don't get stained like carpet does, so they tend to last longer than carpet, which usually offsets the initial cost.

@Paul Parker I noticed last week that people are dumping their properties quick fast and in a hurry.

I just did my first bulk mailing last week.

Okay, so I have done quite a bit of research and planning over the last 8 months.