All and All - NOT A GOOD DEAL.They PITI is $1000 since the insurance and taxes are low in Alabama.

Look at your expenses- if you have a car payment, credit card payment, etc, get rid of those.

@Nadia DaggettWe are at all time lows for foreclosure so we absolutely will see an uptick we will see from both fix and flippers and home owners and rentals, especially those that overpaid the past 3 years.

Did you pay with a credit card?

I have been reading Long Distance Real Estate Investing - David Greene, and came across an interesting tidbit of information: Your first 10 (1-4, 5-10) property loans are Fanny Mae insured, after which your loan criteria become more unfavorable (variable rates, stricter credit score requirements etc.).

This way when construction is complete, the base rent is not the artificially low rent that was charged during the construction.  

Yes, it costs a lot to go with REI Nation, and the cash flow is low, but they have an excellent reputation.

I tried to flip homes and invest into real estate with out any money but I obviously had zero money or credit; i was a broke college kid haha. 

I wanted to protect them, while on the other hand finding ways to creatively maximize their take home while keeping our risks low due to the potential upside of the deal.

So I wanted to protect them, while on the other hand finding ways to creatively maximize their take home while keeping our risks low due to the potential upside of the deal.