So will we have a situation where supply is thin in the sand states where most investors and hedge funds are concentrated and a glut in markets like Cleveland, Philadelphia, Akron, Buffalo where inventories haved piled up?

The supply of housing is still in the favor of buyers, for now.

This variance can be from the data you have been supplied or have supplied us.

I have been using cash but because my supply of cash is limited I feel that using HM would allow me to do more rehabs in the same amount of time, and although there are steep fees associated, I would net more at the end of the year.

You could have him get a report right before your eyes using one of those free annual report sites and see what is there - that shouldn't count against him as a credit "pull".How about his new wife - is she filling out all the application paperwork and supplying her credit, etc?

Supply a list of improvements / repairs to better "make ready" when unit isn't getting applicants.

This means that I have ample time to devote to starting my investing career.

A very close friend of mine has come to me wanting to supply cash for these deals.

Marc, I and others all stated in this thread that invesntory levels were very low, in fact, record lows, so no, we do not have a lot of inventory, hence price increases (supply and demand).

Rob K supplied my answer.