At the end of my LO period, I would then like to:1.

@Qulia Bryant I am new to this REI world and L/O is what I want to focus on.

@Rick Grimes Doing L/O is a great way to get cash flow without a lot of cash tied up.  

Predatory would be putting someone in an L/O that can't qualify over the term, you can avoid that if you can show that they could if they can cure the matter that keeps them from qualifying and that they know what they must do to cure such matters.

Is this property in Texas...I ask since I believe L/O are frowned upon there...legalwise.

My name is Brian Lo and I’m a newbie to real estate investing.I don’t have any real estate investing experience.

L/O newbie assumption of class of buyeris rather naïve, I have never met anyone with that kind of money in a bank (which is another matter) that has a credit problem.

That just may give him the boost he needs, if not, if the LO is good enough to work with the Rescore program, he/she should also be able to give insight into any other trade line that might need to be addressed in order to boost the score.  

Are you saying you are going to buy the property from him for the $170k he owes, then L/O it back to him?...

@Kelvin Schaeffer The best thing for you to do is find a good Loan Officer or broker that can structure your deals correctly the first time.When you have a good LO in your corner not only will these questions be answered but you can form a game plan for all of your future business.I hope this helps and have a good one.