I have spoken with a few people I work with who have had primary residences that they have turned into rentals. 2 of the 3 have had major issues, one to include a marijuana grow in the basement.

Happy New Year everyone.I need a new GC.I've set my goals to purchase at least 1 property per quarter for flips. My current GC does great work but just takes too long to do a project. Consequently, I am looking for ne...

I am rehabbing my first investment property (a 1950s 3bd 1 ba, 1100 sq ft sfh) and have done the majority (75%) of the work using my savings and a loan against a retirement account. 

100k to make 2k in rent is not too bad as long there’s not major rehab involved you should do alright on this deal

I have been marketing his off-market properties for over a year.SCENARIO #2 - Major seller/broker approaches me and wants me to sign NDA / CA as principal buyer.

Nothing major happened but wanted to make sure we aren’t missing anything as to what our responsibilities are as landlords.

The most visited city is probably Scottsdale, with a multitude of major yearly attractions all across town (Spring training, Phoenix open, Barrett Jackson, to name a few)Downtown Tempe is another good market, with a steady traveler pool because of Arizona State University (parents, students, relatives, visiting professors).

I'd also suggest making sure you have a majority of two bedrooms vs one bedroom units. 

I realize I can get great online with the big guys, but no way I'm giving my operations account and the majority of my deposits to a bank that doesn't lend to me (and I've had way more luck with local banks than the big banks since most of my deals tend to have some hair on them)

It does seem as if the majority leans toward the 506(b) and has a better success rate with this format.