If you have to pay retail for paint supplies or whatever supplies, you aren't going to make as much.

mainly due to property values - there's tons of shorts on the market currently and a whole new wave of REOs waiting to hit.

Your main advantage right now is that you have CASH -you can walk into *VERY* nice deals and enjoy good rent profits without trying to beat out a mortgage or risk crazy rehabs.

The main issue is this would be my first transaction.

My main goal is to succeed at my niche and keep perfecting my strategy to make the process less riskier and potentially make smart decisions.

Thanks everyone for the great advice.Michael Siekerka, I'm mainly looking for SFR around Austin (as far as San Marcos) with an ARV of 100-140k.

The main one I wanted in CA was locked up for some time.

I'd like to help out friends and family and pick up a couple outside listings, nothing crazy.I live in Maine and I'm being told that not many agencies will want a part time agent.

WILL REMUNERATE YOU WITH REFERRALS OR A CASH PAYMENT PER PROPERTY DATA SUPPLIED.

I can say that if all that us supplied, the loan is possible, I have experienced same in the past, admittedly not in the last 18 months though.The longer term loan - That makes sense David, thank you for the explanation.