I wholesale the vast majority of my deals and market direct to motivated sellers using direct mail, and online advertising, which enables me to find highly discounted properties.Funding: A private lender loaned me $57,000 in private money at 12% and 2 discount points secured by a 1st mortgage.

In order to qualify for it you need to have a legitimate business or self-employment activity that generates earned income.

This can be something fairly minimal, so long is it produces legitimate income that you report on your taxes, such as with a schedule C.  

I'm sorry you got sucked into that thinking it was a legitimate real estate course, you'd be better off forgetting the old rent/lease to own concept as now you have Dodd Frank to contend with, that's federal law.The only way you can hold on to a property is by not selling it, so are you saying your tenants can't buy?

I've always required the SSN to enable full access to the Credit Report - - no report, no rental. 

This also enables you to learn what the rents are as well as the amenities that your market is providing to tenants.

I'd like to add that if you are concerned about getting sued in Ohio and you have a legitimate claim against the tenant, then go ahead and sue them first and file the suit in Texas.  

In addition, those terms seems too good to be true for a legitimate HML.We have funded many deals in NJ and we are local, I'm sure we can fund your deal if you want to work with someone local.

In order to set one up you need to be a small business owner or have legitimate self-employment activity. 

I have no real choice but to contact an international investor, which I have and seems legitimate.