Payment history combined with credit utilization make up approximately 65% of your score.

There seems to be a lot of experience needed to find and work the "no money down" deals.In terms of learning the area ... if you just moved there a few months ago, start by picking up the local real estate sales magazines.

Hello Steve,Landlords are always picked on.

In the interest of fair play, here are a couple of companies that offer online rent collection services, one of which is mine, but you should pick the one that best fits your goals: ClearNow -- just electronic checks, but simple and easy to set up RentingYourHome.com -- electronic checks, AMEX, VISA, MC, PayPal, has more features Payment Services Network (PSN) -- excellent product, but complex for a small landlord to set up; must be underwritten during process PayRent -- electronic check, AMEX, VISA, MC, PaypalIt's better for you the landlord to accept credit cards b/c you never deal with default (VISA chases bounced checks, not you), and they fund faster than checks.

Take some time to contact a few experience folks in the Buy in Hold business and pick their brian.

Thanx for the Invite,Likewise, I'm looking forward to exchanging ideas and picking your brain as well.

Here is the problem that i'm coming with is that there are only 3 residential units filled and it has 2 commercial units vacant and 2 residential units vacant. the residential units rent for $350 each plus utilies the commercial units go for $500 a month plus utilities. when i talked to the realtor he acted like i'm stupid when i asked what would the owner of the building pay.

If you can pick this place up at a price so low you can wholesale it ... go for it.Good LuckNavyDoc

You can do 'in-season use' during the week, and not give up much income either, as weekends are always more popular anyway, you pick which days your unit is 'off the market' and they just make your unit 'booked' in their hotel system those days.2% rule is so far away I'm ashamed to ask about it.Cost: 195,000Annual Costs:Taxes 1633Gross Rents 2012: 24,300Annual Condo Fee: 6000Pay 22% to the front desk: 5400Pay maid fee for booked nights: 2000Pay parking fee for booked nights: 1050Electric: 1200Netting: ~7200/year or $600/month for P+Iso... to get to cashflow neutral ASSUMING NO ADDITIONAL REPAIRS(which is quite a bad assumption).

Flip this house isn't done but it still sucks bc what is going on is they picked a new flip company to follow around b/c the old company by Richard Davis is getting sued so basically they had to pick a new company for the Second season this sucks though this guy was funny and he seemed really good at flipping he does like 3 houses an eposide he is fast