Thanks,So once I get educated on this subject, I should scout for my own properties?

I will be in NY/NJ for only a week in April before having to decide (a friend will be there prior scouting).

I will be in NY/NJ for only a week in April before having to decide (a friend will be there prior scouting).

Also we have gotten adept and scouting out an ideal property that will qualify for such financing.  

Once I felt comfortable enough with what I wanted to buy in a particular market, I did a scouting trip in person while visiting the states on home leave.

Some ideas:Offer the seller an envelop with 12 post dated check - they don't have to wait for the letter carrier.Offer to put a deed in liue of foreclosures in escrow with their lawyer - transferring property back to them in the even of non-payment or violation of the terms of the mortgage - Offer to have monthly inspections of the property by sellerLet them know they will be added to your insurance policy in the event of fire - they get paid offOffer additional collateral (like a blanket mortgage) - always on a blanket mortgage you should have a release clause after the equity reaches a certain amount - no need to tie up your equityProvide additional co-signersProvide your financial statement and a copy of your credit reportProvide your nice guy resume (written testimonials about you from past customers, transactions, your preacher and other lenders, awards, newspaper clippings of you rescuing a cat from a tree, awards from the Boy Scouts)  have all this in writing.

If it's worth 200k banks will want 20-30% down (important to scout out this info before purchasing and have your future financing terms known).

@Tarcizio GoncalvesNeighborhood Scout .com is a good source 

I have scouted out many of the popular areas for investing and for rentals so I am able help guide them in their search for income.  

Besides all the book learning I'm currently scouting around the greater Lowell area (Chelmsford, Westford, Tyngsborough, Dracut, Billerica, etc) for my first deal: ideally a single family to fix and flip, or a multifamily to BRRR, with a goal of doing some sort of real estate deal this year or early 2017.