have strong desire to venture in real estate and have read books about real estate and the book I'm currently reading directed me to get more insights from here!

@Ezra Avery you might want to read below to understand Classes of Property/Tenants.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

@Zach Denny Did you ever put your deal together, if so I'd be curious what the bank required on CLTV and if you had to source the total down payment (PP-First Loan) then apply seller second, or if the bank let you do all that at closing functionally making your DP = PP-First Loan-Second Loan.

He is a direct lender, not middleman broker fees. 

Go direct to seller, learn to source your own deals and you will be successful  

You could even try reaching out directly to local agents or small real estate firms.

Well, the exact same reasoning applies when you think of tax professionals.6.

But that's the question never answered and always glanced over is what, to what degree, in what direction. 

You will need to provide an explanation of the circumstances surrounding the BK every time you apply for credit, apply for a job, apply for a bank account, etc.Bottom line is if you’re working day labor type jobs for small companies and live on a cash basis it might not affect anything.  

We just don’t realize those lessons learned apply to REI.