I plan on trying to increase equity in any property I get involved in-I have a construction background and a couple of contractrs I would like to get involved with me if this could become a reality.

Usually it involves a 1% fee and you will have to be underwritten.

With that said if you were looking to purchase at least you could use this as an option if the owner were to ever receive the OTD (Order to Docket) dont get me wrong some lenders are just down right nasty and will still proceed, but if you have no money involved and just contract paperwork by all means it is worth a try.

It's an 1800 square foot home.

Many of the successful firms involved with real estate have returns around 8.0% to 9.0% annually.

Another thing you might consider is to find a local real estate group to join and learn first hand from those actively involved in deals.

So, if it were me, I wouldn't like losing a good tenant but I certainly wouldn't sell the place because of it since I know it wouldn't take me more than a couple days to fill the vacancy.To even get me to THINK about selling, someone would have to come up with a good reason for selling that involves me be able to use the money from the sale to do something different and make even MORE money/cashflow.

It was gutted down, completely rehabbed and a bit of square footage added with the two front dormers you see in the video.

Either way, you'll need to fully understand all the costs involved.

The key is to decide first exactly what type of investing you want to get involved in then learn everything you can about that particular area as you can before jumping into investing.