I was immediately on the property managers case about it, and she kept promising the tenant was a good tenant and that she could get caught up.

Do not fall for the Nevada/Wyoming/Delaware/OtherFabulousState scam, you'll need to then register in two states and won't get the protection/savings that the salesperson promised you, because when you buy property in MA, then MA laws are the ones that matter.  

Austin is just getting too expensive and a huge bidding war on purchasing properties so I am interested in learning more about the San Antonio area which looks promising.

Steve Vaughn, I promise, building credit works in real life, if not in your son's HS simulation (though think about it-- if the "student" in the sim scenario has no income, but is borrowing $ to buy a car..yeah, that sim person IS a bad credit risk, and the 300 credit rating would be pretty accurate!). 

All of this is become more important to me because I am currently working a rehab project with a partner that promises to yield a good ROI.

Hello everyone,Out of curiosity, when first raising capital is it easier/better to 1.raise a fund or 2.get capital promised if a deal meeting certain criteria matches with a specific capital providers needs?  

With my price range for my first home I should also be under the 10k withdrawal limit for a first property so that's promising.

Joe, what John is saying is to allow "B" to place lien (2nd position) on the house until you fulfilled your promise  "invested plus a certain percentage".  

The lending firm I'm using promises me a better rate of 8.5% on the next, but it still robs us of a chunk of cash until the project is over.

Completely agree pre-quals are basically worthless (promises), I understand that and I wrote it incorrectly.