You might consider a self directed Roth IRA that invests in real estate.

Put a prescreening form on your web site or a recorded message and start building a buyer’s list.† When you make your offers include a request to put a For Sale By Owner sign in the yard right away and state on the sign: fully rehabbed home available soon, taking applications now.† Since it is easier to refinance a home than to qualify for a mortgage, you can get buyers working with your mortgage broker so they can refinance and cash you out.

Investment can become something of a self fulfilling prophecy.

You can find out alot of applicable information from the investors here, even those not in your area.

A Section 8 applicant emailed asking if I would allow her 2 small dogs (Shih Tzus), licensed/neutered/friendly.

I wouldn't want to give the homeowner the impression that I will be closing on their property if I really have no intention of doing that.Assuming this is true, would you use some type of option agreement as an addendum to a purchase and sales agreement or would an option contract be self contained?

Another one I like, is to include, when applicable, an "Owner Repair Agreement" that spells out what repairs the owner will make on his own, a time frame for completion, and what happens if the work is not done.

My business partner and I were debating whether or not to invest in this, as it looked like it could contain some useful information.

May be self employment tax, too.

If you had friends that were shut down I would guess they were doing something pretty egregious, as it is rare that someone gets the boot without a chance to self-correct first.