Bad news is, as far as cash flow, it's a little above breakeven.

Regardless, since you will be buying once, then selling once, your round trip commission cost will be about 6%, assuming use of agents on both sides.On top of that, there are other hard costs - title insurance and inspections, in particular.On top of that, there are *soft* costs - things that both you (the first buyer), and the second buyer (the one you sell to) must do - due diligence to make sure you're not being hosed by a bad house or a bad deal.

My brother used to tell me what a headache rental property was and how bad of an investment it was.

I have a friend who knows someone that is selling off 6 new construction townhouses in my area at a really good deal but I cant actually close on them due to bad credit and lack of funds.

Bad idea?

I actually made a decision about 7 years ago to work with Real Estate Investors because I was running into a lot of investors at my club meetings who have had bad experiences or working with CPA's that are not RE savvy.I have also found that "RE EXPERTISE" is more important than "PROXIMITY"

These people are often known as "upside down in Las Vegas" or "upside down in Florida" or wherever they bought that appreciation stopped (and prices may have fallen) after they bought.Best advice is keep reading this (and possibly other) forum to learn all you can about the good and bad of owning both your own house and rentals.Good luckall cash

These investors now own several vacant homes which is bad for us and horrible for them.None of these "investors" asked to talk to me (the seller) before the closing.

Not a bad resume.

It's not bad!