Maybe 10 minutes once you are there.People will lie, or not know the whole truth, so the more informatiuon you have, the more professional you look, and the better position you have when negotiating.

With your background in construction/rehab, you're in a prime position to make things happen.

Your plan has a lot of positive elements to it - I do see a few things that may not be necessary or work as well as you think.1.

I will bust my behind the next 10 years to get in this position.

I'm looking at getting something with positive cashflow here in the North Bay as well as other places.

However FHA only requires you to occupy the property for one year, so if you do that and then move out then you can rent out both units and be in a better position to cash flow.

I will not buy a property unless there is a healthy positive difference between what I need to pay monthly and what i can earn.

What if one investor likes debt and the other does not want to be in a first loss position?

Anyone have any positive/negative experiences with this tool?

I can't afford somebody else to go do it right now, but I'll probably man up and get it done at least the first time or two.I think I can pull an ignorant newbie position the first time...