The only thing the bank required is that I had a checking account with direct deposit setup into their account. 

If saving 20% and building direct is worth it to you I'd recommend it.

Because losses from rentals and income from stocks fall into two different buckets, they cannot directly offset each other. 

How have you been making payments so far, to a servicer or directly to the seller? 

can join $1000 a month which gets you 50 direct wholesaling leads (1m - 6m old), access to a list of buyers, and all the tools needed to execute the deal. 

Quote from @Felicia Nitu: Quote from @Jay Hinrichs: hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.Hi Jay, the affordable housing requirement can definitely be a dealbreaker for some projects.

Feel free to reach out if you have any questions and I will be happy to point you in the right direction. 

You don't have to spend a fortune and buy a house directly on the beach to do well, but your starting price point for a viable option in this market is around $350-$450k for a solid 2-3 bedroom oceanfront condo or around $500k for a 3-4 bedroom house within walking distance of the beach. 

thanks for whom ever may lead in the right direction. 

I don't know where you are at, but earnest money usually goes directly to escrow here in California, but if they want to pay you directly and try to find you later in Vegas, that works for me.