I just wanted to take a moment to say hi to everyone who gets up and fights the good fight by striving to achieve the ultimate reward, getting a deal under contract. 

We have made numerous offers following conservative guidelines (BP calculators, 1%, 70% rules, etc) and have not had our offers taken seriously.

I was 22.... and way too eager to prove myself.I sat in a hotel room in the Old Market, called up numerous banks and realtors, ready to go out there and stake out a piece of something for myself.

I ran the Transunion SmartMove background check with credit report, criminal history, and eviction report and it came back clean, but had to reject two other applicants after their SmartMove scores came back low for low credit scores and numerous pre-eviction filings at local courts.  

So I am new to the site, and thought I would get some feedback regarding the lending process and flips.There are some creative ways and I would love to hear from people on their experiences.I have been involved with numerous flips, but I am looking to now do my own.

In your shoes  (if you wish to proceed) I'd push to have the eviction completed prior to close as a contingency.I applaud your interest in getting into real estate it has been a very rewarding and enjoyable career for me.

Let me know if you'd like for me to get you set up on that.As for meetups, a few other local BP members (Tim Gordon) and I host a free event each month that meets at an active investment property and reviews the pertinent details of the deal and helps t explain numerous facets of REI.

The right deals are rewarding ;)

Welcome to the BP site @Allana Alexthere are plenty of educational information here: Videos, Podcasts, and numerous guides. 

I have read about this "net passive loss allowance" in numerous articles and it has never made sense until now.