The longer people know you, work with you and generally are comfortable with you before you pitch them a deal the better. 3) Go slow - It sucks to pass up deals and money but if you get in over your head your investors suffer and investors talk.

My goal is to keep for a year and then rent it out, but its a new construction home and it wont be ready until Feb 2017.

So, my properties may have suffered a big loss in value, but, my properties are in the Oil Capital of Brazil where we have all the oil rigs offshore and most of the high paying JOB's in Brazil.

I am just worried that once I buy and rehab I wont get a high enough ARV to refinance.

Being new to the REI world and only have closed on one multi-family property thus far, I have suffered the confusion of jumping from "shiny object to shiny object" and not dialing down precisely what kind of investing I'm truly interested in being (MF, SFR, Rent to Own, Commercial).

Most banks probably wont work with me due to lack of a current job and also the amount I'm looking to borrow; it seems like most banks have a minimum amount borrowed, which is usually higher than 25k.

offer the 5k higher, but you wont get it. they'll foreclose hoping to get more later.never hurts to try, so go for it.

But I've seen places where there were only 2 or 3 PM's and it wasn't pretty..... standards are so low..... seemed like everybody suffered, nobody cared.....

You wont pass the 2% test, but you should be able to find something around 1.25-1.5%.

as i said, tenants do not care about it. i wont start using LED's unless they are the same price as spirals. true story.