Look into finding properties well under value where you can work out a lease option or take over the mortgage subject to (Sub2) its existing financing.My partner and I see such properties every single day and besides an inspection, title search, and possible appraisal, that would be the only money that we would have out of pocket.Once you have control of the property, find a tenant/buyer.

I will not let emotions get involved in the end, however, is there a way to make this work out for all.

Even if those numbers work out, won't the lender want to know what my personal financial situation is (debt to income ratio, FICA, etc..., all that good stuff that the lender looked at for my personal residence)?

Do you think they might point some in your direction if they know they will get some work out of it?

it really work out good!

You'll have to work out the financing to produce a positive cashflow.

Just know that almost anything is possible in RE, just look for the deal, and then work out the details!

Lease Option Purchase....Assignment of Contract, etc....If I understand....first find a property..... preferably FSBO.... work out a deal with the seller where I give the seller X $ amount such as $4000 plus a monthly payment .... and the option for X amount of time........at this point does the lease option gets recorded or how do I protect myself from the transaction?.....

If it has been on the market for awhile and no one has bought it it is more than likely NOT going to work out.

How did this work out?