Remember to learn..DO..make adjustments.

Thus, if you buy a fixer-upper/distressed property, understand you'll need to setup your team locally to that area: GET REFERRALS FROM INVESTORS TO SPEED THIS UP... like the title/escrow closing agent, general contractor, handy man, go-to agent, go-to investor/wholesaler, property manager if you need it, etc. 

If you get an appraisal who starts making adjustments based on cosmetic appearences, then get another appraisal.

Check out prepaid legal to get part of your group together at least you can find a competent real estate attorney to look over your contracts,etc.Then you might want to form an LLC and purchase a small established business perhaps an Internet (one that does not require daily hands on management) for under $200,000 that generates income) We found a couple for our clients one costs $179,000 but generated $120,000 per year in adjusted gross income.Then purchase your 2nd and third home and you will be set money wise and able to meet your obligations easily.You have a plan and that is wonderful.

Play the markets smart now, and adjust as required later.

It will help sustain the focus when speed-bumps happen.John Corey

Up until six months ago, we almost exclusively were writing six month agreements, and six months on renewals, adjusting to market as it was going up.

Some people can not help the fact that they are having financial problems but alot of this mess is the younger people taking payments they can afford now with an adjustable rate not realizing they cant afford it later.

His servicer, America's Servicing Company is already out front of the adjusting rate he will be facing and automatically locked him in for 5 more years.

Median price of a single family home in California These are the numbers, adjusted for inflation in 2000 dollars:2000 $211,5001990$249,800 1980$167,300 1970 $88,700 1960$74,4001950 $57,900 1940$36,700These are the unadjusted values:2000 $211,500 1990 $195,500 1980 $84,5001970$23,100 1960 $15,100 1950 $9,564 1940$3,527As you can see, adjusting for inflation is a fool’s errand, because if the country is in a recession or an inflationary period, it skews the data.