I was looking all over for a baseball then realized the window was I tack so I then thought a burglar broke into my house just to break my shower glass!

In the beginning I was thinking I wanted the comfort of the properties paid for, I experienced it and now I realize that I would still be okay if my cash flow was lowered and I could jump on other deals.

Brian, I look back now and realize that what I said wasn't necessarily accurate...

The AFR is a tax issue that the seller may face, the rate may be imputed where they have to realize a higher rate of interest than what was actually received.

Just realized in my post I put Brandon and J Scott...

Since I get out of work by 11am I've realized that I have an advantage over most people in real estate investing that work a J.O.B. in the fact that I have time on my side.

I realize that for certain investors condos are a niche they like to play, personally I see too many uncontrollable variables and constraints with little upside, control or in many cases appreciation opportunities.With little control over a HOA that inevitably raises fees and charges periodic assessments that are likely expenditures you would not prefer or receive any financial benefits are inevitable in most cases but surely cut into your profit margins, plus these associations can make renting more of a tedious task than necessary.Also, the upside for any rehabs or overall appreciation will be directly tied in to the entire complex.

You realize you would be doubling your money, essentially right?

I can't say for sure, but if your offer is accepted, you may have already made the biggest (and worst) newbie mistake of all - offering too much.In my area, if a house is listed in the MLS and needs "minimal work", it usually sells to an owner-occupant, and they usually pay too much compared to what in investor should pay.Also, realize that the majority of offers made by experienced investors are NOT accepted.If you really made an offer low enough to get you 30,000 in instant equity, your offer probably won't be accepted.

When people look at these homes they immediately realize they are generic and trashy.