(the house next to me sold for 275, even thow it is much larger and newer) but i am about half done renovating it and am looking to buy another when i sell this one, my question is i currently have 40k cash, should i save more maybe 60-90k before trying to tackle another, im looking to really get into this, and am hoping to find a higher end forclosure witch could yield more profit.

Renting can be good for cash flow but it also occurs to me that it will cost money and effort you might not want to spend/make.

I will provide all of the information I have available to me any time you request it.

The scores it provided were dead on with the credit scores shown to me by the loan officer.The only problem I have with identityguard is that it updates your credit score only every 30 days, but then again, it cost less than $10 a month to use.Does anyone have another service they use which offers weekly or better credit scoring updates?

Numbers are very, very important, but for example's sake, it would not make a difference to me how great the numbers are, if the area was a "war zone" or other area in which I would not want to invest.

I desparately need advice from some of you pros on the best exit strategies for someone like me with no cash.You may have to explain it to me like a 2 year old since I am so green.

Looks like a sales pitch to me... and if it is, then this is in the wrong forum.

After 40 years, the advice he gave to me was to buy distressed single family houses, repair them, tenant them and manage them.

To me, the only friends I will have a hard time letting go are what I call "true" friends.

But it occured to me it might just be a whole heck of a lot easier to wholesale it (and carry the paper) to him and let him handle all the hassles.