Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Now that I've saved back up a few hundred thousand, I can start investing again without pulling equity from what I have.

There is a wealth of info on her about arbitrage, just search from the main forum page. 

Thanks @Charles Campbell for the mention, @Gilbert Yeung feel free to contact me it you would like more info. 

New Bank Loan Traditional Subject To Take Over Existing Loan - has already been paid down some Purchase Price $400,000 $332,196 (Take over existing loan) Down 20% $80,000 $10,000 To Seller Loan Amt $320,000 $332,196 (Take over loan) New Loan Payment Rate 7.75% $2,293 $1,465 Take Over Payment Rate 3% Difference $828 Your Savings per month Other $0 $0 other Loan Origination Fees 2% $6,400 $6,400 Your Savings On Loan Fees Closing Costs $3,500 $3,500 Closing Costs Cost for length of Loan $825,307 $490,512 Your Cost for length of Loan $334,795 Your Savings over Life of the Loan Using Bank Cost to acquire $89,900 $13,500 Using Us Cost to acquire $76,400 Your Savings Just By Buying Using Subject To Total Savings $411,195 Your Savings Total w/Subject To

You're building equity and learning investing and saving $200 a month.2. 

Like when I did my last one, the study was going to cost $1600 and the benefit of it was $28,000 in tax savings.

@Robert Medina Online presence is something I'd look into before setting up those appointments to interview, to save time and effort knowing that you are talking to someone who at least has a level of expertise.I tend to look at these things to start: What impression do they give you online (professional or not/resourceful or not)? 

If the sister is a beneficiary and now the executrix, it could potentially make the process easier but I'd need more info to be of any additional help.

I would instead have to pay all of those costs out of pocket.Now the only time I can see this working is if I have lots of extra capital to pay for all of the renovations out of pocket and then I could benefit and save on the holding costs since my loans interest rate would be much lower.