Rehabilitation Mortgage Insurance (Section 203(k)This section of the HUD program enables homebuyers and homeowners to finance both the purchase (or refinancing) of a house and the cost of its rehabilitation through a single mortgage - or to finance the rehabilitation of their existing home.

I was charging way below market, since the previous tenant was my kid's teacher.

the running joke with one of teachers is that I ask my $300 questions in class). 70% of my deals involve attorney work (I work with about 6 different lawyers).

Plus -it's best not to enable jerks in getting their way ;) You might be doing him (and everyone he deals with later on) a favor by showing how to do business ethically

Had a sociology teacher who said ethics are rules made up by people who have full stomaches that want to keep things that way.Sales tactics are just that, tactics.

The catch is that there is literally 0 vacancy and no forclosures in my market so I don't know if anybody will be able to relate to my situation but I have actually found that this is a fairly good market to get started in because while Im not swimming in money, I know I have good renters every month which keeps things very consistent.I realize Im cutting it a little close but the surplus of renters has enabled me to get into a number of different homes by releveraging the equity from the properties that are on a 15 year mortgages and it has actually worked out fairly well and could now bank roll just about any major occurance.

I considered this man as a reputable teacher.

@Ben Leybovich@jake stenzianoHI BenIf you find real estate boring, then become a teacher.  

Awesome success story, happy to see a fellow teacher and San Diegan having such success!

“What skills do they have that enable them to get this done?”