my only problem with working for an REI is that I already have a job that is coming into the busy season and takes about 70 hours a week, and if I were to rehab I would cut the hours back, but birddogging I could probably start off on weekend and evening huntings also I get Fridays and Saturdays(my weekend) off and could utilize that Friday to do things that I could only get done during a week day.

many mortgage bankers follow specific guidelines in order to sell their notes, like right away.if you decide to use Hard Money - you'll have much more flexibility in terms of being able to put less down, invest in different types of properties and present your investment strategy, rather than just the property itself.what i'm saying here is, if you buy a house and use Wells Fargo - they're not going to be concerned with something like the ARV (after repair value), whereas a HML might loan you money based on that - which grealy enhances your investment options.i know that doesn't make sense right now, but with a little research - you can come to understand the old saying:there's more than one way to skin a cat...being new, just be very cautious what you get yourself involved with.

ARV of 50K; so the loan size is not really a concern.

Then, when you're all done with those expenses, uncle sam will want his cut (and a big cut it will be)

Your age is the least of your concerns.

It should be fairly easy, cut and dry.....the lien holders will take your price or not.

purchases are $5-10K a house with price (rehab and purch costs) around 10-15K After we rehab them, we want to sell on land contracts for a contract value of 35-45K couple questions: 1. can this transaction qualify for tax credit 2. what should I be concerned with IF tenant flakes on contract, and I sell the cashflow to note type buyer?

That brings me to my next concern.

Also I had old linoleum down as well and the installer just cut off the loose corners and layed the carpet on top.

My biggest concern with this sandwich lease strategy was not being able to have a tenant buyer already lined up to move in the home, which you covered.