So I would say you should pick an area where you can build a good real-estate team and can monitor the changes easily.

@Bryan Hancock , @John Blackman @Jay Hinrichs  @Kenneth Bell @Jon Klaus @Lynn Currie Account Closed Joshua is considering starting a new forum dedicated to Active New Construction and Remodeling Jobs so that those that want to follow along can easily find the threads in one place. 

The deal is subject to existing financing, so we are taking over a $114K loan on a house that is easily worth $145K and climbing by the day.The seller is not someone I knew before joining BP.

I can easily charge $20 - $30 hours for my time and it is accepted.

You could easily mess up and cost yourself days and money at every turn.

In the meantime you can easily begin investment activities with a plan and target goal.

Any borrower in a default situation can easily turn into a request for relief which has mandated responses and times per DF.

Details: I found a wrinkle in the local laws that allows one to build an addition to a SFR in such a way that the completed building remains classified as a SFR yet is easily rentable as a du-, tri- or fourplex and this does not violate any local landlord/tenant laws.I bought four SFR houses in my area for about 300k each.

Rehab costs- I can estimate pretty easily, etc., etc...Vacancy Rates- No idea (should I just plug a number...2%?)

this includes inside unit, outside (condenser) unit, and repair of easily accessed ductwork (required by law).