Not everyone is in a position to take on the negative cashflow, but I'm assuming you'll learn so much from this first deal, that it'll pay for itself eventually. 

She is recieving LIFETIME payments (Meaning she will NEVER be cut off, because of her second illness being one she will eventually DIE from no matter what.

My plan is to do make some renovations now, but to eventually tear down the structures in approx 5 years when it is fairly likely that a 3 story mixed use bldg and parking could be built.

Also, property taxes have plummeted also giving many borrowers some wiggle room on their monthly payments.If interest rates spike up and stay up for an extended period of time, eventually payments may become difficult for many borrowers with the option ARM loan.

I would much rather make a multiple small deals that will eventually total more than a single greedy deal that will ruin a relationship.Great job Thomasina.

When I scan the list for apparent mismatches (i.e. house listed for $200K, Zillow estimate of $300K), then look closer at Zillow, I find as often as not that Zillow's estimate is likely off, either because there are few comps close to the house in question, or because there is a significant difference between those comps and the house in question (i.e. the comps are part of a new subdivision, the target house is much older).What is the best way to get from this 3000+ house database to a manageable number of viable prospects that I can spend more time evaluating (including, eventually, a drive by)?

Also, in bathrooms and kitchens any sewage backups or long-term minor leaks will eventually get some mold growing between the paper and the clearcoat, which necessitates replacing the whole room floorcovering.

No hype, no get rich quick schemes, no BS, just the plain honest truth that if you build your empire by working slowly and carefully, you will eventually find yourself atop a nice mountain of wealth.The other book I finished recently that I really enjoyed was David Schumacher's Buy & Hold Real Estate Strategy: How To Secure Profits in Any Real Estate Market (John Wiley & Sons, New York, May 1992, March 1993 & March 1994 with Dr.

Take it one step at a time, and eventually, you can make this a life for you!

I want to buy and hold long term and eventually get into short term flips.