You pay this company $1500 to $2500 and they will investigate your bank note and determine if it was handled in a fraudulent way (he said most are).

But before you do this, investigate a little more to be sure.How did you find this property manager?

But another poster recently said this was not the case, and I've not investigated.

It consists of coordinating with our current network of wholesalers, bird dogs, and agents to do preliminary evaluation and qualification for buys, develop new wholesalers and bird dogs, develop alternative buys, develop in house direct buys, and package and sell in house wholesale packages to our affiliate investor group.

That would be double dipping.You want to line up a title company sooner rather than later, give them the preliminary contract and ask them to prepare the HUD-1 settlement statements.

(I will investigate) But, I suspect that they can't just turn around and lower the number of investors allowed.

Shortly after doing so, my ERISA attorney made me aware of some investigations that the IRS and DOL were initiating into these types of products, and there was concern about whether they were legal or not.

@Kevin and BrianThis discussion was preliminary and I too want to nail down some costs, credit limit, and a rate.

Upon further investigation I found out it was a foreclosure.

.: If you are bent on low income try picking up bigger buildings and section 8ing them for the cash flow because there will likely be no gains on the sale of that real estate.Mark Updegraff I am advising against it but balanced my posts with counter examples about a simliar model that is successful in Indy as well as a another avenue to investigate (Sec 8) for profiting from RE in this type of market.