Agreed.This whole issue stems from the fact that my PM and I thought it was being covered by the POA, so we were both surprised when I got billed, and even more surprised to be told that permission was given by PM.

I dried up my savings and wasn't a single step closer to actually investing in real estate!

To me at the end of the day it's still a 2 unit that will produce $250/door/month in cash flow.Deals are drying up in my area so even these ones are becoming hard to find!

If your criteria is that cut and dried then you would have to turn them down or expose yourself to a possible charge of discrimination.Our criteria never said we automatically excluded felons.

That does not make them investors any more than the guy working the counter at the dry cleaners he owns.For a real investor, there would never be a consideration to quit their 'day' job and work in their real estate.

I'm trying to figure out if it's really worth the hassle to go through, but the MLS is drying up around here, so I'm looking at other alternatives.

Cool things often happen when you least expect them.Keep your chin up and your powder dry.

If a segment of the market dries up you have to change strategies sometimes rather than beat your head against a wall hoping it will change.Another strategy is investors moving cash from residential to multifamily or commercial where there is still good value to be had.

An alternative to the lint brush is to use a wet/dry vacuum and snake the hose down the dryer vent from the inside.

Your requirement to use their money can stem from your business model an leverage that isn't available conventional with the number of properties you intend to work with, the cost to obtain financing is less costly allowing the seller to receive more down, and allowing you to obtain future financing for operations are just some of the reasons you may require financing.