Has anyone stopped to wonder why some Sponsors can secure commitments from the more sophisticated check writers while others have to target less sophisticated investors and spend significantly more time on the capital raising to compete for the same buildings?

I left my full-time job 6 months ago to be a stay-at-home mom, so we would not qualify for a traditional mortgage at this time, but we’ve recently noticed listings in our area that would be perfect investment opportunities.

Purchase price: $55,000 Cash invested: $30,000 Purchased property was renter-occupied at $600/month at the time of purchaseDid not renew lease with tenant.Completed full Renovation at $30,000 6 days on the rental market before the property management team got a signed lease at $1200/month Renter moved in July.ARV $179,980 What made you interested in investing in this type of deal?

The philly properties did lose value but not by much - at most 10-15% at the peak of the GFC - small multi family did especially well during rough times in solid neighborhoods. 

Vacating them was not an issue thankfully, but it added a wasted month of holding time.

Thank you Joe, I appreciate you taking the time to respond. 

G'Day Hughston,The best advice I could give would be to not invest out of state unless you buy turnkey.But that's just me being biased.The second best advice I can give is to focus more on the people that you will be working with over the stats/demographics of a specific area.I'm sure that this has been covered many times in the various BP books but to this day it rings true.You will heavily have to rely on the folks on the ground.They will either make or brake your investment so choose them wisely.If you buy the best house, on the best street, in the best area with the best capital growth projections.But your property manager is incompetent or a cheat.You will loose money.So, team first, area second.Much success

I'm going into my final year of college and beginning to apply for full-time positions.

Arbitrage is a risk free transaction to buy and sell at the same time and pocket the difference.

The IRS is not asking for a "love you till the end of time" outlook.