Hey, BP peeps.So for practice, I've been attempting to analyzing one deal per day.

What is holding me back right now is1) Uncertainly that involves building and managing a team out of state. 2) My limited knowledge on real estate investing3) Which city should I be focusing on in my BRRRR endeavor?

Buddy of mine in this area discovered his uncle could borrow $100k from his retirement 401k by talking about his new endeavor and the 10%-15% ROI he gets on every deal.

If he builds personal relationships with the tenants, they will attempt to leverage that when things go south and he will have a hard time separating business and personal.I had a C-class tenant that worked at a local food joint.

I sent you a PM that should get you started in you endeavor.

This will be my first attempt at buying. 

Hi Friends,I am attempting to get financing for a condotel (to use as a short term vacation rental) in Mammoth Lakes, California.

Before attempting the 1% rule I look at the Taxes. 

" Foreclosure: Foreclosure is a legal process in which a lender "attempts" to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. " Short Sale" workers cut a deal ( written agreement) to creatively meet all needs for everyone while you line up and new buyer.

Not everyone sells because it's a failing endeavor so be sure to review and do your homework to see if it can work for your strategies and goals.