If you have a general idea of the returns you'll be targeting with the smaller purchase nearby simply compare the two from the ROI and risk involved.

My best tip after you identify potential target markets is to start by finding an excellent property manager--during your interviewing process, you will also get educated on the area and what to expect.

In order to make payment easier, I am considering giving the bank account number so that deposits can be made directly.

You might also confront them about the person they moved in, but the easier issue to get them out on would be smoking.

I think this makes our dilemma a bit easier to deal with.

I hear 1% is hard to find in LA while much easier in Cleveland for instance.

Much, much easier to go through a lease with organized sections with someone else.

Flipping is about you and your ability to do the following.Raise / acquire fundsMarket to distressed sellersEstimate rehab costsEstimate the ARV of properties in your target marketManage contractorsHit timelines & manage large projects / employeesIf you can master all of the above the market is going to be irrelevant.

He advised and explained that “Whites” are targeted and “killed on sight” for disrespecting someone in anyway.

Balancing work and family will get a little easier once your 4 year old reaches pre-k and you guys start to have time to focus on the newborn and your REI goals.Its not going to be easy but once you and your wife get on the same page, you will be amazed at how much you will be able to accomplish.