If the bank can work with you, then you'll need to submit financials.

My biggest problems are the ones I stated above in my post, "Starting at 16"... not having the location (very small town with no other RE mentors around), but more importantly, the financial support.

You've got a good head on your shoulders and you're willing to take the steps necessary to learn what you can about all the areas that can secure your financial future.Good luck with your research, your real estate learning, and your future profitability.

Unfortunately, this frequently just means the seller was lazy, meek, or financially "on the edge", and couldn't "risk" a vacancy.

Some things I think about:- Likelihood of Being Able to Flip: What is the neighborhood like, are things selling, are they selling close to asking price, what is DOM for your area, what is the current financial situation, etc.- Will It Be a Good Rental?

Network and PARTNER with ONE FEE BASED FINANCIAL PLANNER.

I just had a freakish weekend showing a house--the first applicant was a very attractive woman who worked for a cosmetic Surgery clinic -- she had obviously taken advantage of the employee discount--she had a very nice look and way about her- & her children were nice too--she was evasive about her credit -she said it wasn't "too good"----upon getting the screening back,the records showed she had undisclosed bankruptcy, recent eviction--she said that was her sister's eviction-- it was" just in her name", the LL name she gave me was not the property owner listed on the county records--"she said that was because of a divorce and he was hiding from his wife", the child support financial records to support her income I asked her to provide "couldn't be faxed because something was wrong with the fax machine at the clinic", and she had 30 recent collections as well as 4 new court judgements-- these were" just loans and things, so how does that affect me renting your house?"

I originally thought that from a financial standpoint that wholesaling would be best for me, but from a social skills and understanding of all the contracts and hunting down a good deal perspective I'm not sure I'm cut out to go that route.

I already knew tons of local people in real estate investing and also CPA's, attorneys, bankers, that would assist me financially and show me the ropes.

If you really, really want to know more about this topic, read Cashflow Quadrant: Rich Dad's Guide to Financial Freedom by Robert T.