The combination of your VA to make the purchase combined with a section 221 loan to refurbish could-theatrically-put your real estate investment program where you want it to be.Lee Russell: CLeeR Enterprises: Amarillo, Tx. 806-316-8642

I have a 4-plex on churn creek (further south by Enterprise area, which is a less desirable location than what you've got and attracts the corresponding folks), but i've noticed that it really takes a lot of time and a lot of screening to find tenants that aren't a bit sketchy.

Go to fanniemae.com or any other government sponsored enterprises (GSE) to find info on the new criteria.

HELLO MY NAME IS CARLOS BURGOS WITH SOUTHERN HOMES ENTERPRISE, WE ARE NEW AT INVESTING BUT GREAT AT HOME STAGING AND REMODELING, THANKS FOR HAVING US

I'm guessing having a decent yield, and putting together a strong business plan (I'm thinking you'd really have to show the buyer has the ability and history to add value in an already well run enterprise).Everyone who has posted in this thread (OP included) already know the limited information I can offer up, as an investor (not a seasoned investor) at such a high CLTV I'd really be wanting to look into the operator.Andrew

Check out propertyradar.com, that is how I can begin my title search and that is how many investors approach the properties, I personally purchased a couple of title reports and found them expensive and incomplete, without loan re-conveyances and loan subordinations, propertyradar has a 3 day trial period and offers low monthly memberships, I pulled property profiles that I take to the county recorder to finalize my research, wish you success in your enterprise.

Hi, municipalities sometimes acquire bond money for enterprise zone financing.Call the city and ask what the underwriting requirements are.

Howey Co. 328 U.S. 293 (1946):An investment contract is a security under the Securities Act if investors purchase with (1) an expectation of profits arising from (2) a common enterprise that (3) depends “solely†for its success on the efforts of others.

([i]notes: DU is desktop underwriter and GSE is Fannie or Freddie (Government Sponsored Enterprise )It may be worth while to see if this bank actually has any investment protfolio assets.

The plus side is that you get larger cheques and access to a long-term source of capital.Regardless of which route you choose to go down, remember you need consistency across a number of years for this to become a truly successful enterprise.