I understand your position; I'm still trying to get started myself, and got the mentor T-shirt.

If it doesn't you lose your shirt and take a loss.

My casual observation of the market, at least on my side of town, is that it's really a seller's market at the moment and good deals for flipping are hard to come by.

As the AT&T ads say "its not complicated."

I'm eager to buy the first property but I want to cover all my bases and follow your advices to the 'T', becaue I definetly want success on this.

I'd follow-up Robbie's suggestion with "Why A Students Work for C Students and B Students Work for the Government" by Robert T.

Watch out for "comps" that are from better areas nearby enough to pass casual inspection or comps that are nicer houses.Rent: Turnkey sellers often overstate the rent.

Just a suggestion. b/t/w I'm from NYC too and invest in Bronx, Brooklyn & Nassau.

I wish you can make it and my advice is that once you make it try to find someone willing to purchase from you "as-is" so you don' t have to fix it.

The broker would likely lose his license if he were to actually manage to kill this sale due t this.Craig, close, but not exactly.Banks don't adjust their commission payments based on the Net.