Spreads on short sale flips are basically gone, and homes w/ equity that are in foreclosure are a rarity these days.I've had a lot of luck using the Non Owner-Occupied and Free & Clear leads.

An investor would rather avoid the vacancy and basic rehab costs that come with it.

I'd say consider your skill level and look for a home that provides training from the basics and beyond.Consider partnering with one of the big gun agents, commissions may be less but you might be busy with more deals.

This is probably a very basic question, but I have no shame when it comes to learning here in BP: I'm about to do a cash out refi on one property (#1) I own free and clear in order to use that cash as a down payment for a new property (#2).If I can eventually sell property #1, am I able to 1031 the cap gains into the loan on the new loan for property #2?

It is basically sheetrock but designed for sound abatement.

With that being said, to make a competitive offer, you basically have to leave yourself no outs on the contract.

The tenants don't have any formal lease and are basically month to month.

I personally find these to be incredibly helpful from a learning perspective and tremendously motivating to get out there and make something happen.If this sounds interesting, leave some basic info below about your deal and I'll send you a PM to follow up.

Basically, I like this new, LEED home concept and I certainly want to buy to have a decent chance of appreciation.

Or do I basically need to resign myself to being patient and saving more?