Hi Ricky,There is a REI group that meets at Harrigan's, the last Tuesday of every month at 11:30 AM.

What questions am I forgetting to ask?

I will not mention the name because just as I'm not trying to promote my mentor neither am I trying to defame another.

Here are my thoughts on that:1) budget is 200k or under2) single family 3) buy & hold property 4) minimum repair required 5) purpose is to use it for rental property (cash flow) Am I on the right track with these criteria?

Also, am I wrong for assuming the code violators list would be more likely to have occupied homes?

I am a hesitant newbie from california and boy am I scary to loose my ***.

To add a deeper wrinkle in, as a new S Corp with no history of reputation I expect I will have to personally guarantee the S Corp loan.First how does that work...am I just a co-signer on the S Corp real property loan or is there some other mechanism that comes into play?

Because it is stated in their current lease that this is the method of payment required, am I allowed to require payments using a different method?

Am I going to clear $1000 month in profit after my expenses?  

Is this true or am I stuck with a hard money loan for 1 year?