But for a new investor is this possible?

As to vent cleaning, it's quite possible it is something that has to be urgently done, as many owners don't consider it a priority, and a fire inspection could've mandated it.

Hey everyone, I'm looking to use BP as a great resource to both learn and network as much as possible, so I figured I'd start off with an introduction post!

Hi @Chris Mason - I am looking to get as close to 90% LTV as possible.

Learn everything you possibly can about that part of the process and gain the knowledge and confidence you need.

Prior to meeting with the seller I did as much research as possible about the property.

This leaves the lender with enough wiggle room for the possibility of legal costs and holding costs with a foreclosure.

Since I just purchased a home in GA, I don't have much capital available, but could possibly do up to 20k down on a buy and hold but I would rather keep my funds and look into hard money lenders or distressed properties that I could buy cash and sit on and do most of the rehab myself.

Even with a management company, visit your properties regularly if at all possible.

In the process of networking and looking at possible property deals, we connected with a husband and wife who live in Tulsa and often flip properties.