You also will be faced in the resale seasoning requirements (some require 6 month holding and some 1 year).You will have to explain how you purchased just a month ago and now it's worth $30K more when all you did was paint the place and do some rough-framing in the basement.

Local REIA Clubs are a good place to meet seasoned investors.

This is assuming all are equally seasoned and experienced.

Logan,Everything Darrell said is true, I follow credit closely and spend time on credit boards,,,there are companies that will offer to sell you 'seasoned corporations" with great credit,,,it just doesn't work that way in today's environment.Banks will only lend money to people/companies they can show can pay back the loans (by law),,,work with a mortgage broker, hopefully one that does hard money and traditional mortgages, have them look at your credit situation and develop a plan to be able to move forward,,,credit can be destroyed quickly, but takes time to establish.andy

I am so excited to learn from the seasoned pros out there.

So to me I need those extra answers to proffer an opinion on whether its good, bad, or middling.I've come to the opinion that low income rentals can be run profitability over time only by seasoned owner operators.

Also ask them about seasoning periods, loan to costs (LTC), and loan to value (LTV) requirements.

Where I am, buyers have to look at everything as it comes on the market, regardless of a holiday season.

Good luck, and if you ski/board, see you at Whitetail this season!

My thought regarding what the investor is doing is that he is securing the property with his cash, letting the property season for the bank at which point he can get traditional financing.