I think there's a benefit for a new investor to have at least someone to bounce ideas off of and to help mitigate the risks (half the capital and half the risk of loss on a flip or something).

Unless, the wife is no longer on title, but there is some court/divorce order giving half equity or something to ex wife.....then again with a second mortgage there, it's the husband who could be committing fraud, not you.

I have an apt complex deal i am working on that is a little over half a mile away from Winston Salem College.

Thats with me only sending out half of the 900.

I bet they'd do it for half a months rent in this case.

Now I spend half of my days as a 29 year old investor with no debt attempting to convince banks to believe in me.

45,000 for repairs (estimated high because who likes to run out of money)11,500 First closing costs (Yes sir may I please have another, gulp)7,600 holding costs ( so that is what 13% interest a month looks like)9,700 Second closing costs (time to make my better half REALLY happy)195,000 potential ARV based on comps in the area$30,000 plus in profit.

A few years ago when I was starting out I would've given half the profits away for someone to put up the downpayment on a loan, even if I had to sign for the loan and carry a payment still.

You might consider having one agent for each geographic area, for instance: one for the north half of city and one for south.

If there isa slowdown we don't have a half dozen or dozen mortgages to pay every month.