What do you mean by 6 degrees of separation? 

Peace yall, My name is Michael Hansell, I'm a new real estate investor in Tallahassee Florida area and by new investor I mean I've been analyzing deals for the past 2 months, listening to the bigger pockets podcast for the past year and will try to get a property within the next couple of months! 

But what does it mean for a home with a basement apartment or carriage house?

@Ramon Vazquez shoot me an email. 

Before I had not the credit nor financial means to embark in Real Estate, I'm in a much better position now.

Shifting equities around can certainly overcome this. roadblocks just mean it requires a detour ;) ;)

At any rate, when I finally found a 'good deal', my wife said she was 'fed up' with hearing me lose out on so many properties and she encouraged me to purchase the property for a higher price (to win the bid I mean). 

If for example it took 4 months and flipping is your full time gig that isn’t great because it means a profit of about $15,000 a year If it took two months and you have other income sources and didn’t end up spending much money on it and only put up a small amount of money then I’d say not too bad .I’m sure it was a good learning experience for you though and at least you didn’t lose money

It means they'll only accept offers from owner-occupants for the first 15 (I think) days.

I could owner finance this house all day long at $45,000, possibly $49,995 with 15 yr, 10.5%.I could get a lender to give me an interest only loan for $25,000. payment would be only $105/month.