Send me your scenario and where you think your credit score lies.

These questions probably are general knowledge and common sense, but I wanted to make sure before moving in.

Here is a short list of real estate terms to get you going.http://www.find1home.com/glossary.phpThere are more that are specific to investment but these are the most commonly used phrases and terms in RE.

Dextera3, to answer your question-Keeping your personal assets protected from claims of other people can depend on how you hold title to your personal residence (joint tenancy, tenants in common, etc.)

Only time will tell whether it was wise to purchase a Condotel Suite for this kind of entry level price, however simple mathmatics and common sense dictates in the positive with increased optimism about profits from condotel operations -- where buyers rent their units for a share of the rental revenue.

That type is the most common and protects the seller and the sellers realtor in marketing a home.

Rehabbing is commonly called flipping, as is dealing the property to investors when under contract.

employee dollars are after tax - the gov't gets paid before you do - major disadvantage.well yes, in the current scenario i had described i would be living in one of the rooms. it's a 2BR 2BA. and yes i do have a job that pays me income. in the future though i was planning on moving out in 2-3 years. does that change any of the analysis?

What's the worst case scenario if you have to sell in two years?

So here is the question....Scenario: excellent Fico score 880, liquid assets, and want to make a purchase in the 30K range for an investment property but don't want to use cash.