We didn’t intend to buy and sell so quickly, and we sold it for what we did because losing the 7ft of land changed our house plans and essentially, we are making no profit.

So I should find the property first, save atleast 40% to be safe, then contact banks to see what my buying options are.

Quick closings, good customer service, low fees, interest only payments and desktop appraisals in many cases.

You'll be able to tell pretty quickly what level of service they provide fairly quickly.

Fairly expensive, but a realtively easy / quick way to nail down a great property.  

Also, We would like to create a fund so that we are not waiting on money to come for each deal, as we would like to close quickly and not wait for different people to fund.

This amount of cash flow adds up fairly quickly on these smaller deals that only gross 40k per year. 

This is generally the area which is bordered to the north by 295, the east by Ramsey St, to the west by 210, and BUS 401 to the south. 210 and Ramsey sort of form a “V” shape to the south and Country Club Dr. cuts through the middle (W to E).I have recently found several homes in this area which meet my criteria but they move quickly and I have not been able to get one of them as of yet.

Currently, I have a few smaller projects on a couple of houses: carpeting/tiling floors, painting walls that contain LED paint, installing A/C and heating system, installing light fixtures, installing appliances, making sure electrical wiring is safe, installing recessed lighting, insulating/waterproofing medium size room in the basement.

I don't have as much of a feel for lot sizes, but it seems like understanding what size lot typically corresponds to what number of bedrooms would let you know pretty quickly if there was room for an addition.