I guess I would summarize the buyer side as (in this context) equity means the buyer has a "get out of jail free card".

@Mark Futalan, I think you've summarized one of my concerns, which would be making sure you would be able to survive if things don't go as planned.

In short, for those who haven't been following the discussion, a link is here:https://www.biggerpockets.com/forums/52/topics/499696-beware-of-fraud-by-erentpaymentcomTo summarize, tenants' payments made between a certain date range this month disappeared, although the company claims it's the fault of one of the processors THEY use.

@Mike F.The question of why the bank is asking appears to be covered but to summarize:1. 

I also ask for a summarized financial statement for 2011. 3 years of tax returns will also be asked for at some point.3.

Can someone please just summarize this letter??

Use these to summarize the lease terms and have the tenants sign acknowledging they are the correct terms.

@Brandon Crumpton  401k's offer penalty free withdraws for first-time home buyers up to $10k that are taxed at the normal rate.Here's an article that summarizes nicely:http://www.forbes.com/2010/03/24/tapping-retiremen...

The Fed is printing money like a whore on holiday and we are at numerous iterations of quantitative easing that, as a stimulus, are not working and are horrible failures.Not only us, the world banks in other countries are doing the same thing (stolen from Harry Dent's website):+++++++++++++++++++++++++++++++++++++++++To summarize, Harry is practically falling off his chair because there is finally another voice of reason backing up what he’s been saying for years.

I would suggest talking to someone who is already doing it.https://myusapropertynightmare.wordpress.com/ has summarized his experience as an Aussie.