Again I have a low paying job and live in a high priced area... so thats why I'm hoping to go this route than a hard money lender.If all of this goes as planned and I flip enough properties for a profit, all of my proceeds will be put into a savings account and used to buy an apartment complex at some point in the future.So thats pretty much it, before all this I thought about doing wholesaling but know its harder to get sellers to sign their homes to you and I've never been a good salesman either, let alone any potential legal issues with it... so I don't think that's the right path for me.Any input would be GREATLY appreciated!!

Yes, you have to work around tenants need, and I understand them wanting a legit offer with proof of funds before disrupting tenants, but make sure you have a cancel fee in your offer, and refuse to go through if you can’t see it. 

Hello BP, If all the buying criteria remains the same, which county is more desirible to invest?

I prob need to make a decision sooner than later to go all-in and walk away from my W-2 or hire help. 

A good place is to go to auctions.

Obviously I have little information to go on but my gut suspects they are game players and they think once they are in the house they will be able to leverage the problems and live there free for a long time.

Another reason is that a borrower may expect his earnings to go up substantially in the near future, but wants a lower payment right now.call optionSimilar to the acceleration clause.capAdjustable Rate Mortgages have fluctuating interest rates, but those fluctuations are usually limited to a certain amount.

Some prefer to go with the waterfall, and some do pref's.

Surrounding homes are around $200k + with similar plot size and sq. footage.I put in 40k desired profit to cover $15,000 paid to lender plus in the closing costs a point fee of 3% (Agent fees portion)These numbers look average correct?

but what creates this out of state frenzy is anyone can do it.. that has 20k in their pocket and desire and a 640 fico.. that's it.