For mine, I have to have an initial appraisal done, then the bank will lend up to 80% of the equity I have in the property.

What would be the best way(s) to initiate an offer?

I think after reading some of the responses and going back into my situation, I think the issue is that I bought the house for a lot more than what it sold for initially. 

With today’s challenging market and a newbie in real estate investing, I wanted to start my search initially finding a single unit where I can rent out rooms or find a multi family however I’ve often come across good deals in good locations that are overly price.

Lower rent for initial months.

This is my first investment property.Proposed agreement:(1) Start at equity split 75% Me | 25% Mike Gives Mike an extra 5% equity from the start for his experience and the initial arrangements he made with agents and inspector(2) Stay at 75/25 split until 75% equity gives me at least the 80% initial amount I put in e.g.

I initially applied to colleges with a major in Construction Management but i've been reading up on the subject and noticed that most developers seem to have degrees in more business related fields.Would it be better for me to major in something like Real Estate instead of Construction Management if I want to own a development company some day?

Their initial scopes of work are typically lower than what other carriers/adjusters would write.

In fact when people initially lash out at me, I usually reply with "I know you came here looking for an echo chamber but...."

Comparable properties in the area are selling around $1.4m+, and every house in this neighborhood is selling over $1m+, so I figure there's a lot of wiggle room for profit if bought at the right price.My initial problem is that it requires a $100k deposit to join the auction, and starting bid is at $280k.