But to give you an example: if you are an aggressive investor, you will probably want to have as large a mortgage as possible and possibly put down as little as possible.On the other hand, I'm a conservative investor and I am much more concerned about protecting from downside risk and preserving principal, rather than trying to maximize projected return.

My concern was that I got funding and do not have the power to invest in the area I know really well which is NYC but I would like to get to know other areas so I can invest my money in less difficult areas and sometimes even a better turn around but I do not have experience in those towns

I have several questions/concerns. 1.

Don't care either way, but I might reduce my fee as a broker if I'm getting to do both those deals, to cut you a break. 

My concern is that this might be at a very top level.LLC’s are a different story, where residency is important.Since you reside in CA, you will be taxed in CA on world wide income.

It's good to see you're concerned about your financial future.

Now it's a one-industry gig again, and that is always a bit concerning...

The property under contract:  I found a 3/1 930sqft pre-foreclosure bungalow off MLS listed at $185k, I am using conventional financing but was able to beat out a cash buyer by asking the wholesaler what profits they were expecting to make and cutting them a $10k check and entering into a contract with the homeowner directly at $175k.

The banks and everyone else involved ie, Auction.com, are getting a huge cut from the beginning.

I'm a firm believer that there are many deals to be had because at first glance most investors are looking for something more straightforward, like "I like this house because all the walls are open and I can see what's wrong and what it'll cost me".are there any issues I should be concerned with in having a 6 year tenant other than the tenant looking to move out soon?