If you've never dyed a carpet before, I bet it's a learned skill so your results may suck the first few times.

In fact that is initially how I started studying so much about it.

We've lost about 40% of real estate investors over the last 3 years from this GIMMICK of appreciation, yes, there is appreciation but you can't hedge your bets on it.

The 4 mortgage rule is not important to my initial purchase, it is important to succeed with my end user buyers.

I am not sure if just walking up to the homeowner in the lobby is something you are not comfortable with or not.In Baltimore, I bet they would have codes court more than one day a week.

On the downside I'll bet it's a real short season there!

I typically use a construction loan to update or remodel for the initial purchase.

Most lenders would look at the purchase price, and only lend you 70% of that.Your best bet would be a hard money loan for the purchase and rehab cost.

However, would be possible if I were to open a secured credit card by applying at a Wells Fargo with an initial deposit of say $5000 and after receiving the card in the mail, withdraw my initial $5000 deposit?

I know that there is a difference of opinion about using money from profitable holdings to carry another not so great initial deal.