I'm a few investor and came across what initially looked like a good cash flowing condo for a relatively small investment.

Dave: if you are a bonafide tenant (not a relative of the LL or one of the owners or someone with a special arrangement with the LL) your tenancy and your lease are protected by the Tenants in Foreclosure Act fro 2009 (that runs through 12/2014).

Welcome to BP @Bobby GonzalezGood way to start is get busy networking and ask questions of people who are where you want to be.Business and real estate related books are a great source for building creativity and getting new ideas.Thanks and have a great day.

Unfortunately, my current career is in a related field; spending a lot of time in unpleasant places.

my expenses are relatively low, so I don't need to replace my entire salary right away.

There are several factors behind this; two of the more prevalent are the {relative} size of the real estate markets in Canada and the banking regulations requirement for lenders exercise of fiduciary care to protect the equity of the owner & sell the property at FMV.

Hey all, I'm a relatively new investor in the State College, PA area (home of Penn State).

So, 7% Cap isn't bad, especially for multifamily.1998 is still relatively new, so you shouldn't have too many capital expenses and too many maintenance items.

I got free contracts from flipthiswholesaler.net (I may get the GA relators one though- but they're $214!).

To answer your question related to challenges getting started flipping homes, the biggest one is having the confidence to pull the trigger.