Keep learning as much as you can about your local market - see who the players are and try to connect with them.  

Want to start building my business/career , just need a little guidance for this hard worker, good listener, team player ! 

The purpose is: to have a good enough deal in the first place so that a traditional say only 70% appraisal refi Loan still gets you ALL of your initial outlay back - to enable the Repeat. 

Of all the player that fueled the bubble, I'd say that consumers and speculators had a lot less to do with it than regulators, banks, hedge funds and the government.I work in a large bank.

The reality is that it does not pan out that way in the C and below areas unless the investor is very hands on or has a PM who is very much hands on.This draw to high cash flow brings with it a number of questionable players that has got many investors burned....some of whom I know so be careful who you deal with.What happened to you in Memphis can happen here too if you are not careful.

Their parents enabled them, their parents can deal with their issues - I make sure to stay focused on my success.

These people are full-time and the biggest players in your market.I would either do an LLC partnership with an exhibit A JV agreement that defines the roles and expectations.

Try to see who the major players are(They will be at every sale)  Watch what properties they buy then investigate the properties after. 

You need to ask to see the documentation that enables your seller to pass marketable title.An an informal (summary) probate, you would entitle the seller as Mary Smith, personal representative of the estate of William Smith, deceased.If a formal probate, they will vest as "Mary Smith, Administrator of the estate of William Smith, deceased."

(The second story is another commercial space but is unoccupied.)I have been approached by the mortgagee (a private lender) to suggest a deal that would enable me to acquire the building.