The qualifications for the financing are a 700 middle score (680 on a case by case basis), 2 years of rental/mortgage history, 2 years on the same or similar job and 6 months PITI.

Hi Dwayne,I drive past a local non-profit charity business every day on my way to the office.

No matter how "saturated" the market is, people are making a ton of money in every real estate market EVERYDAY!

And listen to it too and from work or school every day.

I have a lender that will loan for ReHabs at these rates - Current Rates Commercial Loans - Investors - Non-Owner Occupied Beacon ScoreGreater than 680up to 75% LTVof ARV 1 - 3 PointsFrom 10.99% interest Beacon Score620-679up to 70% LTVof ARV 2 - 5 PointsFrom 11.99% interest Beacon ScoreLess than 620Max LTV 65%of ARV Negotiated on a Deal by Deal basis *****However, the property must be located within an hour or so of these metropolitan locations.

The basis for the depreciation transfers with the title change.

If you are into real estate investing then you need to spend at least 50% of your time teaching and training yourself; continuing to learn on a daily basis the ends and outs of this business.

As it clearly states... deals like this can be done and are done every day.

Something we need to remember, property sells everyday, rain, hail or recession.

Every single one of them evicts tenants on a regular basis.