Avoid o/o residential and/or consumer purpose residential and 80% of the legal issues go away (for non o/o , non consumer purpose residential).

In fact, you should get more favorable prices with these contractors, vs those who are used to doing high end specialty work for the average consumer.2.

For the hot water tank, if there is two, then its theirs too.Besides property insurance and water/sewer, I think all common areas, landscaping, and in some cities maybe even trash (check your local area).As for consumables like light bulbs, I consider if its inside the unit door, its theirs. 

Ironically, my student loans helped me a BUNCH to get my credit started.Other than that I would recommend staying in your job for a few years since this helps banks see that your someone with a stable income.

The negatives is that this is time consuming as you have to occupy the house for 2 years for the capital gains protection, 1 year for the mortgage good faith.We didn't do this as we preferred to keep them as rentals as we have made more out of rentals than we have if we sold them as flips.Good Luck!

As I have calculated, home prices corrected for Consumer Price Index inflation nationally were nearly flat for the century ending in 1990.  

The proposal is to raise capital into a already formed non-profit organization which has been doing consumer credit counseling in the past through a joint venture.  

At this point I have a few more irons in the fire, but even so it's nice to get that first deal in the record books as a win!

Hi All,I'm looking to buy my first multi-residential/commercial property but so far it's been very challenging and time-consuming to find a great opportunity.

@Jason Eyerly   I wonder how that lending club is going to do over time.. seems quit risky its unsecured consumer debt.. your basically a credit card company... why don't you just keep your cash for now...nothing wrong with having those funds.. buy REITS or index funds that are liquid there are always deals...