Welcome to the Florida real estate investors school of hard knocks.

Hello all,I am a 25 year old from New England who always had a passion for fixing up real estate.I went to a trade school and my father owns a construction company.A few years ago i was involved in a bad accident.To make a long story short i will be accepting a check for $250k in the coming weeks.I would love to get a loan for a rental property and can put a down payment down of 20%.My problem is i cant work in my old field and therefore am not working at this moment.My credit is around 600 right now but i have a few credit cards that are maxed out but in good standing.I plan to pay those  off and expect my credit to rise to over a 640( i lived on those for the past fear years because i was injured)My question-Anyway i cant get approved for a 200k and under mortage with that kinda cash in the bank and credit score?

Hello, I'm very close to securing my first tenant and he happens to be a grad school student.

The schools are not considered as good as Oak Park's but property taxes are much lower.  

Yea I went to school in Albany and my husband has family in the area.

Another time I was asked to explain a credit hit on my credit history.

The helicopter school has added a lot as far as taking up apartments and adding to the economy. 

In two weeks, I will enroll in realtor school to hopefully come back here and offer some local non-realtors my time in giving info (I currently live on the MLS watching and searching) towards comps, searches, listings, or sellings  to gain some extra "how its done" real-time knowledge.Keeping this short, I will be trolling the forums.  

I believe there are a few different schools of thought on this.Personally, I think it's wise to at least take a look at how the numbers crunch with management being factored in.

School Board decides to do in terms of contributing towards that GM development - it could have an impact on the scale and timeline of the project.