If any of you seasoned experts want to pay your success forward and kind of knock my plan apart as a means of instruction via PM, I'd appreciate it.In the future, I want to move into buying - rehabbing - selling homes and in the very long term into building a portfolio of rental properties.I've read on here that folks are buying lists of distress properties updated daily.

Please feel free to contact me via private post if you can help or simply post your thoughts to help me out on future deals.Maybe, at the very least I could point you to the house for a finders fee!

Long term, it just is not worth cutting corners in most cases- the exception being if you know you are going to teardown in the foreseeable future.

Although, it's true that it will cost you too much for buying a land and especially building it in the future to have a ecological friendly community-but if you have all the resources.

What you do have to consider on the condo is potential association dues, possible rent wars/competition with other landlords in the complex, possibly lower future appreciation values on the condo vs. sfr, etc.

Also, I feel like if I can screen the right management company in the future, I won't need that much experience landlording.

The equity is a little low, which adds to the risk if you need to sell this property in the near future, especially in a declining market.

Yes doing the work yourself is the long way, and holding costs can eat up any savings gained by doing it yourself, let alone you can't market for buyers or new properties if you are rehabbing, but I can understand you want to know the process for future investments.Do keep us informed of your progress!

Now.Other Strong Stocks mentioned from last time.John Deere & Co. had also been performing really strong (up 15%) and I was please with this stock.

This number resonates with me not only because Irwin mentions it and states unequivocally that it is indeed possible, but also because I happened to read a stock market book a couple months ago by an author who describes his strategy of only buying stocks at 50% off the market value, and it will make a big difference to me in terms of quality of life and location because real estate is so expensive in this area.