One thing that really helped me learn what to look for quickly in a house was following along a few home inspectors during their inspections.

Others may be for quick-turn equity appreciation primarily through property enhancements and/or occupancy improvementsRight now, I'm focusing on building my power team -- Realtors, title & escrow company, appraisers, contractors (for repair estimates only), home inspectors, private & hard-money lenders, transactional funding sources, mortgage brokers, loss-mitigation negotiators, and joint-venture partners.I'm also focusing on building my cash buyers list through several mechanisms, such as direct-mail to specific targets and postings to places like Craigslist.

I will definiely give that a try though once I move out and it becomes a full rental.On a mostly unrelated note, I just had the inspection (aced it) and though I am pretty new to this, I think that based on some info i got from the inspector there might be a possible deal on another property nearby that I would like to own, so if you have a chance check out my post in the deal analysis section and let me know if you have any ideas, Thanks again.

So I just had the inspector in on my rental to get the license approved and during the course of the inspection we were chatting about the city/neighborhood, etc. and it came up about the two other duplexes that are currently for sale on the street.

His team members can include title company, appraiser, inspector, rehab supervisor, prospective private lenders/hard money lenders, administrative assistant (to call utilities companies to turn on utilities for HUD home and to be there for water company folk when they turn on water) and closing attorney.

I'm also looking for a good recommendation for a REI club in Indianapolis.

A great agent will know how to get things done -- from making sure the mortgage broker is on top of things to making sure the closing attorney is on top of things to make sure the inspectors and appraisers are well taken care of.

I live in Los Angeles in the Silver Lake/Echo Park area (if you know LA), but I'm working in the Atlanta and Indianapolis areas.I'm really looking forward to networking with others on this site.Have a great day and thanks for stopping by.

Pitfall 1: Hire a thorough inspector to go through the place after you've rehabbed it to give you an idea of what a buyer's inspector is going to find.

We didn't see anything major other than cosmetic, (everything is outdated), there is some mildew under an eave but I think it's fairly solid, from a non-inspector viewpoint at least.I think we may come up 5-7k and leave some room for them to come down.