As it stands right now, your first property is barely, if even, creating a positive cash flow as it stands right now.

In general is there a required process to be followed for cleaning the sewer backup ( which barely looked like water with no stains or feces).

I doubt he owns any kind of tools.There are a few things I'll never completely outsource -- the big one is that I look at every property I buy (unless I have a trusted equity partner look at it).And for looking at properties, the two things I carry are a flashlight and a camera.It's certainly true that I can barely change a lightbulb.

If you do insist on participating in the auction for those parcels, in most cases you'll be expected to pony up the dough quickly, maybe certified funds at the auction.

For one, the time spent on this may barely be worth $6k depending on what you value your time at.

I am 100% positive and there is no mortgage insurance.That said, I called PNC and Wells Fargo and they said I could only receive the loan with 10% down under my personal name not my LLC (have a partner).There are other lenders in NJ they participate in Fannie Mae loans so I can call them all individually but I wanted to ask anyone in the community if they received a fannie mae investor loan 10% down under an LLC?

@Marcia MaynardBP wouldn't be the place it is if it wasn't for participants like you.

Movers may pay for services.Lenders see RELO applicants in a better light when employers are paying for moves, it shows a greater vested interest in that applicant as to job security.Millions of folks move each year, I haven't researched numbers but there is a demand for location services.Here, a large RE brokerage ran about 80 to a 100 buyers through similar services a year, this is a small market compared to others.Realtors could participate using the MLS, they are simply introduced, license laws apply and there are provisions for relocation arrangements.OTH, if this is too involved, I'd still think investors could network much more than they are.

I finally decided to take the plunge and become an active participant.

I feel that I barely passed only because I had other more difficult questions to study with that was not part of Real Estate Express.