I'm looking for:Good school systemsLow crime areasResidential areas with few rentersQuiet side streets, cul-de-sacs are greatClose to amenitiesClose to transportationMust be positive cash flowBargain priced is usually a good thingNot next to:  highway, bar, junk yard, sewer plant, commercial area, loud areas, negative things that you can't change.Non flood zone areasPublic water & sewerNon oil heated housesYard not too large or too small

Go to the blue bar at the top.

We so happened to have had the pleasure of owning 19 assets in the market there when it tanked that we had to walk away from, we had a brick built 1,300 sq ft home, it value at $250 (yes, two hundred fifty dollars, a good bar tab in the city).Additionally look at all of the people and companies that rode the value decline down.

it raises the bar on requirements, so fewer people can do this, (legally) and it lays the foundation for better protection for investors, which then makes more dollars available for investment, provided the dollars are invested through someone who follows the law.And for all the laws we have to follow in hard money lending, all I can say is, I sure wish they were all as feasible as this one is to comply with.

The issue is, there is a delapotated apartment on one (with a tenant) and a very delapotated bar/restaurant on the other.

So they set the bar a little lower making the existing square hole a little larger allowing more applicant to fit through.What they don't understand is individual underwriting, that is the round peg, while some will slide through that square hole, most won't.Underwriting seller financing is not about meeting certain guidelines today, it's about determining the degree by which buyers miss qualifying standards, it's not about bad, but how bad.

**I invite friends out to beautiful Lake Merritt for a drink instead of going to the bar.

http://www.biggerpockets.com/forums/520/topics/117...You also can use the search box on the upper right side of this page on the blue bar to search for other threads regarding Crowd Funding.  

Hi BP,I am interested in buying this commercial building that has 3 - one bedroom apartments, 1 - two bedroom apartment and 1 shop (previously a bar). 

In some of these, it occurs to me turning the second kitchen into a wet bar would make for a nice entertainment area (aka "man cave".)Is yours something like that?