After meeting with him and expressing his desire for privacy/discretion in sharing information he strikes me as the "millionaire next door" type - lives in a modest neighborhood, drives a modest car, does not want to be flashy, show off his wealth etc.We've had the chance to meet for 2.5 hours so far.He's in his 60's best I could tell - ready to retire.  

They just learned the buyer took out a car loan (undisclosed) after applying for the loan.  

The house needs it all , its overgrown , roof leaks , siding missing , broken windows , junk car under weeds .

Do they sell a lot of used cars and RV's, usually with florescent signs, parked along a busy road?

REmember in your area deals are like street cars they are everywhere  LOL.. you don't bring that much to the table with a deal.and if you want to scale up you need to give your capital partner a reason to partner with you...

Since we are actively rehabbing and reselling would this asset be considered as a inventory item like a car on a car lot or is there something special about real estate?

I have about 20 accounts between credit cards and car loans that never missed a single payment ever, most of those accounts closed now, except the credit cards that I had to live off of for 8 months.

I'm brand new to RE learning and I love the podcasts to help me soak up information while I'm in the car or cleaning house.  

Also take into account the toll roads between work and where you will live and get that transponder on your car as forgetting to pay the toll through the website will be a $200 fee

I'm fortunate enough, at my young age especially, to live my dream job racing cars all around the world which keeps me busy most of the time.