For example, I'll look at and do deals anywhere in RI, especially as I have some business partners in south county, but for my buy-and-holds I personally stick to northern RI in the vicinity of Providence/Cranston/Warwick just because it's closer to me.Also if you haven't visited a local investing group in our area such as RIREIG (rireig.com) or Black Diamond REI (blackdiamondrei.com) I'd recommend that too as it's a nice complement to Bigger Pockets, meeting people face to face, hearing about the latest news in our markets, etc.And check out the BP podcasts too, they're always entertaining and informative :)

Your break-even point is 6.25 years on the investment of 30k before you see a positive return.

The BEST way to get your foot in the door is to monitor it yourself, wait for the property to go vacant (even before it goes to foreclosure auction) and call that Broker or whomever is listed on the "IN CASE OF EMERGENCY" sign on the front door or window-- this is standard requirement again for most banks, placing that sign.4-Equity firms- Here's some good news...

As long as the property is performing, the vast majority of the time, you are better off doing regular maintenance vs. waiting for something to break / fail be a problem that could escalate to a crisis (nothing like a sewer line back up!).

My thought is to purchase a few homes, putting down as much as I have to get get any type of loan for a news LLC, then pay down the small balance over time to build a credit history so I can eventually get a loan with 25% down or HLOC the paid homes to get in to additional properties?

If they did, they'd realize that those properties are bad investments (they lose money or barely break even over time - over the long run).

Here is the article:  http://www.indianapolismonthly.com/news-opinion/ho...

Just everything i need to know and they keys to be successful... i'm new to this site i haven't had time to really break this site down yet and read read read...

I have a couple older landlords give me a break on seller financing.The lease option deals never entertained me because I always wanted to own the asset.

He was breaking even/ losing .