I found my second and third from driving around town looking for houses.

But I will second that I wouldn't keep a condo for an investment piece.

.$5k option money up front$1700 first months rent$1700 second months rent$300 x 10 months rent = $3k$15k at closing ($160k - $145k = $15k)That's $26,400.00 over 12 months total PROFIT!

Printed Media: The second largest source of information that homebuyers act on are the ads they see printed in newpapers, real estate publications, etc.

I was told the FEDS have said those types of deals are one of the triggers for mortgage fraud.I spoke to several QUALIFIED and well respected Real Estate attorney's in Atlanta and was told I could not use the proceeds from the first to fund the second.

Also, I am following in her footsteps and just bought a second home so I could be closer to work.

One at 20 micron and the second at 5 micron.

The only place that I've ever seen fully furnished houses offered is in areas, ski resorts, beach resorts etc, where it is common to own a "second home" or condo that is offered in rental service.

I can assist you with a second opinion if desired...Regards,Scott Miller

the bottom line is this -make offers that will increase your likelihood of making money on the deal. 70% below market + repair costs is just a guideline.asking price 100kAFTER REPAIR VALUE - 130k130k - 30%= 91k91k - 15,000 in repairs/holding/other costs = 76k offer price.that's a general guideline.