This site is basically a full blown course on real estate free of charge! The information is truly invaluable. I have a few things to clear up though. Since I am not in a position to purchase RE and probably flip or rent at this time (based on my credit and no money), I am "eye-balling" the possibility of getting into reassigning properties to more financially capable investors. Take for example, I noticed an ad in my local paper today that reads "Handyman special - 2bdrm, 1ba. structurally sound, below 50% LTV, estimated $6k. Only $26,900." To the seasoned investors on here, do you see a potential deal to this? Also for the future, lets say I purchase a proper with a similar scenario with the intention to flip; isn't it true that I would have to factor in the interest added unto the $26,900 so as to make a profit? In other words, after buying the property for $26,900 and fixing it to a cost of $6000 = $32,900, I wouldn't see a profit if I turn around and sell the property for $50,000 if I had bought the property via owner financing over 30 yrs?