All of the income is going straight to an account that won't be touched, and will basically serve as a reserve fund.

For just a basic radius search around a property, even at 1/4 mile, you see no solds.

Don't give short shrift to the tax situation, they can have a profound economic impact on your investments.I throw this out because folks often come on here with VERY basic tax questions.

I've been reading up on all I can find and seem to have a grasp on the basic concepts however information on the general concepts is abundant but I am missing the details.

It will have basically everything you need to know about doing a "Lonnie Deal".

Spinning my wheels, networking with as many investors as possible, searching for the real deals, just basically putting in work and realizing it doesn't happen over night...For all the major players, the true investors: if you would please,enlighten me and all the newbies out there, what your typical day or week is spent doing...

Is a so called company that would lend you money without a background chec. without a website you got x amount of dollars to lend but yet you dont have money for a website. website is a basic business pratice. people that ask for a large down payment. 1st quick funding is scam please stay away. they asked for $2500 for a VOD then they stated they will give it back at closing. if you are going to give it back why ask for it in the first place. also check out pmb international to submit a deal. tell me how it works out for you.

That will show up once you have ten posts, or if you sign up for a Pro or Pro Basic account.

Still, should I worry about any zoning laws for running what's basically a lodging house/"Crash pad"???

No if it's priced right it's a steal for most buyers.The fact the you mention THE RIGHT buyer indicates it is overpriced and the seller is wanting you to find THE ONE buyer who will pay top market for it.So it is either a steal or it is not.Usually that market is slow moving as those are move up homes and many buyers are underwater in their current homes.Research in your area WHAT IS SELLING.I focus on what buyer are wanting to buy in the marketplace and NOT what sellers are wanting to sell.Your MLS will have data on what product type is moving.Expensive homes have a bunch of outlay in marketing costs so the listing should not be taken lightly.Some friends that have been selling upper end homes for years provide basic marketing and anything additional make the seller pay for it and keep the receipts.Then when it sells they credit the seller off of their commission.This way if the seller wants to take off the market early or change brokers/agents and not give you the average marketing time to sell it they are out the money and not you.It makes the seller think long and hard about correct pricing when it is THEIR money on the line.