Then how are you going to continue to get the rest of the stuff done?

You put 5% down and that should be enough to get a mortgage for the rest, assuming that you've worked at your job for a bit and that you're credit is good.

Please share more about your experiences with the rest of us so others can learn.YEAH!

obviously nobody is going to want to try and rehab a house and sell it for say $100k in an area where all the rest of the houses on the block are only worth $30k at the moment.

His update today is that he is going to put all of the proceeds from the previous rental (about $300,000) in to the new ones and try to finance the rest with Home Equity Loans and/or Lines of Credit.

If it were me I would put a small amount down and finance the rest and use the rest of the money for other investments.BTW, I'm in Las Vegas myself. 8)

That the paint was three shades off from the rest of the wall didn't quite make sense to him.

Well I officially haven't started out yet, and that is where I am running into problems.I'm from california, specifically the bay area.

Instead of gambling on a get rich quick scheme, learn to run a business that will provide income for you for the rest of your life.

But this is not something I see myself doing for the rest of my life...I'm interested in learning about REI in general and rehabbing specifically.