For practical reasons it doesn't make much difference.

On a practical note, my husband and I have started using the Dave Ramsey seven baby steps method for tackling debt.

If you actually have money and ability toClose on properties you would wholesale I would say the biggest advantage is you get to control your deal flow and can wholesale propeties you wouldn’t want.

I know hard money will be faster and more attractive because it is presented as a cash transaction.What is the common practice to show proof of funds when making an offer to a REO property when using a hard money lender?

Or if it is common practice to have a more expensive HOA if it is rented out?

I am going to have to control costs to get all my money out.       

So if you intend to live in the home for 12 months....but your job transfers you...well, that's out of your control. 

These stories, especially those on the "First Deal" have truly inspired me to go out and take control of my destiny! 

I've been using the BP Rental Property Calculator to practice analyzing deals, and have come up with an idea of what my desired cash flow and cash-on-cash criteria should be (especially since these categories are well-covered in the webinars).

I responded their other requests like pest control, winterizing, and furnace repair very quickly and efficiently.