The rental alone buys about 8-10 homes in good B class neighborhoods in parts of the Midwest... there's certainly better opportunities out there. 

National Community Stabilization grantees will be notified when a property becomes available and will have the first opportunity for purchasing the property. 

Finally made the decision to act on the opportunities and get my feet wet.

My area of focus is buy/hold with value add opportunity for small multi family residential units around KS and MO. 

Offer to help them out in exchange for the opportunity to learn.

.-- Look for opportunities to recapitalize, either by raising private money (unlikely this early on) or "collateral assignment" loans to borrow at, maybe 7.5% while re-lending at 15%.-- I keep doing this until I go from $60 a month to $830 a month, which would take 28 investments assuming they were all $5k notes yielding net 7.5%.

I don't believe that i personally need to have capital to get started, but every time i find a deal that i get excited about i get frozen, don't act, and lose the opportunity First thing I need advice is how can I approach a deal with no money?

I don't believe that i personally need to have capital to get started, but every time i find a deal that i get excited about i get frozen, don't act, and lose the opportunity First thing I need advice is how can I approach a deal with no money?

I have the opportunity to put a small portfolio of 7 units (a fourplex and 3 houses) under contract in a small town (Red Oak, IA) which is about 45 minutes outside of Omaha.

It may have just been the right opportunity for the seller, he did get $90MM after all