Historically San Diego has produced outstanding return on residential properties for loner holds.  

Another deal we're buying now that is 288 units had about $500k in outstanding payables 2 years prior before a new management company came in, so it definitely happens.

Next time ask how long the project will take, any contractor worth a damn knows those costs, as that's how he's coming up with the price for the job! 

So the first tier houses on St George have outstanding views and access.

So even if i put 20% down on a property, with 5-7% rates, the max purchase price I can do is $265k and with a 5% down im looking at 125k which is pretty damn near impossible around here. so looks like I would have to look for out of state investment property which is not ideal. 

No.WHen they go to sell it, they can add it back to their basis.Note: not a CPA nor do I want to be one but I spend hours reading IRS code for my damn fund. 

I'd also appreciate any recommendations for banks (either for business banking or for loans), other lenders, contractors, agents, or really anyone else you know who's involved in real estate in the Harford County area who does an outstanding job at what they do.Thank you all, and have a nice day.

@Tim Crosby Based on what you provided in your post, it doesn't sound like you would be eligible for an exception to have more than one FHA loan outstanding (though it is possible). 

I figured the best way to get my feet wet in REI is wholesaling (being that I'm a broke college graduate with outstanding student loan debt). 

This is decent, but not outstanding for me, especially since I lowered the vacancy factor from what I usually evaluate.