There are plenty of people on BP that are from there and can maybe help you figure out some strategies.Most people want full retail, or more, for their properties.

@Jeff Kennedy I agree, it sounds like you have a small bank changing its business model to stay away from compliance issues, at least until they figure things out.Let's back up.

I figure it is helps me, could be helping others as well.

I do hope to venture into other types of investments down the road but I figure I should probably learn to walk before I try to run...

First the rule as usually talked about here on BP is 2% of purchase price (or all in price) not mortgage.Once you figure the % that works for your market and personal needs and goals then you can use it as a screening tool.

Hi, first, look at it, then run comps, run the numbers, determine rents, estimate repairs, if it's a flip figure in profits, holding costs and 2 transactions.

If it is then you need a foundation person,,if its pier and beam, you need a carpenter..We have a LOT of foundation problems in North Texas, and yes water can cause the problem,,,but first you need to figure out is the floor 'warped' or is the slab foundation 'falling away"

The homeowner's insurance agent is your choice)POSSIBLE APPRAISAL REVIEWOTHER:OTHER:OTHER:OTHER:TOTAL ESTIMATED LOAN COSTS:$1,666.00TOTAL ESTIMATED PREPAIDS:$1,440.09TITLE/ESCROW ESTIMATED FEES:FOR IMPOUNDS ("ESTIMATED NET FIGURE TO BE COLLECTED"):SETTLEMENT/CLOSING$2,000.00HAZARD INSURANCE3months @$100.00TITLE INSURANCE (REISSUE FEE)$800.00=$300.00TITLE CO.

"Little funds" means different things to different people though, so it is tough to give much advice, but I would start by figuring out which type of real estate investing best suits your financial goals, your personality, your market, etc.

Although I took good notes I couldn't figure out how he was getting the 13000+ contacts.