It seems the information I had gotten was not correct then,I will review the guidelines. 

Review everyone Bio and see if they can help you in anyway!

Your time here will be well spent.Since you expressed an initial interest in flips, I added the below links for your review prior to getting started.http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2013/03/21/flipping-houses-101-j-scott/ (Flipping houses 101 with J.

The rent increase is enough to cover my fee.It may seem like nothing is done, but your PM should be inspecting the rental, reviewing the tenant's record, and verifying everything is good before locking the tenant in for a year.

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you and your partner are focused on flips, I added the below links for review prior to taking action on your chosen niche.http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2013/03/21/flipping-houses-101-j-scott/ (Flipping houses 101 with J.

Your time here will be well spent.Since you didn't mention a specific area of REI interest in your profile either, I have added the links below for your review and selection of one or all of the three most popular niches.https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

He gets a call today from his lender telling him he had been reviewing the loan and found that he was realistically under water a total of about $40,000 value wise from what the actual loan was.

We've stayed away from there after a bad experience with the city (dumpster monopoly, weekly inspections, difficulty permitting, etc.)Hopefully we cross paths someday.Isaac RamosPIJ Properties

I have noticed that reviewing everyone bio really gives you the information you need to network and too see if they can help you with anything you may need or have questions with! 

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you are focused on flips I added the below links for your review prior to getting started.I also added podcast 009 for you to listen to regarding hard money lending.