I am also thinking of moving some dirt from the front of the lot to the back to minimize the expense in bringing in new dirt to raise things.

hmmm, I think I'll put it up for sale and see if I can turn a quick profit without actually putting the money and effort into a rehab" I believe that's a common practice among you Real businessmen, to maximize profit and minimize expense.

Probably only a minimal level of AT( Artificial Intelligence)is needed, mainly on automatic reading and parsing your bank statements etc..Computational part should be simple.

We tried to get the combo for a week with minimal response.

Do your work up front, select good tenants and minimize the difficulties.

I agree with Glen, if you are willing to accept the risk (and minimize it as much as possible) and you are willing to put up with unavoidable headaches you can be very successful.

My credit is fair, my debt is minimal but my income is not showing very high as I've only been investing for a year.

Anyone have any thoughts on having the main drains professionally cleaned at rental properties to help minimize the risk of a backup?

You may be stuck with a series of bad choices. 1) Hang on and lose a little each month and hope you can eventually sell with minimal cash out of pocket, 2) sell now and bring a bunch of cash to the table, 3) refi and bring a bunch of cash to the table, 4) try to do a short sale with all the fallout from that, or 5) let it go into foreclosure with all those consequences.

Basically 35k i had sitting on the bank, gaining minimal savings interest.So we went ahead and form an LLC, Spoke to a few local investors we know, and we are currently on the proccess of looking for our first house to flip.I met with 2 real state agents, one that deals directly with different banks and another one who set us up with an email alert for properties in the market.However, I 'm aware of how tough competitors can be in todays market and would like to know, what other things we should be doing in order to find our first house to flip.I know we have a limmited budget and that actually works against us, But i was wondering if there are specifics sites or people i can talk in order to get access to properties that are not out there for the taking, or in other words, properties that are not available to every single investor.Also what other advice can you give this newbie business.Thanks in advance