On the day this property came on the market, I received a phone call from one of the bankers with a thumbs up on a construction loan for $85k as a second home property for six months, at which time it would roll over/refinance into an investment loan.

Foreclosure of second position lien?

The upfront cost was a factor since I had just purchased my second property and didn't have any cash flow and had to invest money to rehab.

I have read a couple books and even to went to a "Guru" seminar but for additional mentorship from the guru I would've had to pay $2,000 dollars and quite frankly it seemed like a sales pitch more than anything else.I was even nervous typing this first post, but I know if real estate investing is something I want to do then I must take actions towards my goal and network with people anyway I can.So if anyone has any advice for me feel free to comment, I am currently looking for a second job to increase my funds for investing and marketing and also available to help to any wholesalers or real estate investors in any form so I can gain more knowledge of REI.

I am an investor first, real estate agent second (got my license for purposes of aiding my investing career).With what is admittedly just a passing glance at ListingBook, I don't see why an agent would be interested.

Second, all of your numbers are estimates if you haven't had the priority either inspected or a contractor to review the property for REPAIRS.

Second examine all documentation that is signed in WRITING by both of you regarding the loan.

Second, the kitchen in the rear allows easy access to the deck for grilling, etc.

The first step is to get clear about what your potential partner wants.The second step is to find a deal that gives him what he wants, and keep what's left over for yourself... could be 10%, 50% or 75%?

A few hours after we left the property, he called to say water was leaking from the master bath (on the second floor) onto the first floor through the light fixtures.