johnmichael: One very important you must be a Creative thinker - When you combine traditional brainstorming with creative thinking techniques you will advance pass your competitionjohnmichael: So what is creative thinking to you?

It is really important to track, though!

Avoid investments with a negative cash flow because you'll have to come up with additional money to cover operating costs and debt payments.Your offer needs to be based upon your current income level, the cash flow of subject property and most importantly the motivation of your seller mixed with your title research.

Now you put the property under Contract to sell it to the new buyer for $100k, assuming it really will appraise for this (very important).

It is really important to get rid of a tenant if this is going on.

MOST REAL ESTATE INVESTORS DO NOT UNDERSTAND THE IMPORTANCE OF FINANCING within the investment equation.

Taking the LLC approach has one important tradeoff that you should be aware of; access to high LTV loans (a majority of lenders cap lending to LLCs to 80%).

It is important that you remember that you are going to need to put time and energy into this.

In my experience it is wise to treat all transactions of equal importance.

It is really important to think long term and set goals.