ok so thats the difference ...a pre approval letter from financer ...maybe its the way I worded it...and im not only going through agents im doing my own marketing as well... im still educating myself on wholesaling portion of real estate so its not over...this business isnt for faint hearted ppl so I will fit right in...thanks for input though...always love to get criticism it challenges me..

This post pretty much has been a catalyst for some changes I've recently made:http://affordanything.com/2013/10/24/one-critical-thing-holding-back/Take a deep breath and you'll be fine.

@Erik Hitzelberger Wrote: The mere mention of the 70% rule drives me insane.Funny I find criticism of the 70% rule (and other guidlines) drives me insane.The 70% rule is a rule of Thumb, or Guideline.

Like Joel said, if it it does show something it would probably come from a connecting property.A phase 1 isn't critical unless your lender requires it.

You may uncover critical information or be able to cut your learning curve.

Not bad for a self-published book from a little website that keeps on proving the critics wrong.

When that happens, find a lawyer and a CPA familiar with that world and let them help you navigate the waters.As a strategy, high leverage can be a good thing when you are starting out, but once you reach critical mass, it becomes an albatross around your neck.If your planning shows you need the income from 40 sfh rentals to support you through retirement you want those paid for as soon as possible after purchase.With each paid for house you do two things, you improve your financial strength going into any future deal and you reduce the real risk you face when things don't go as planned.A couple of years ago, we had the start of a major real estate correction.

You will need to be extra critical of any deals you find and very thorough with your diligence to ensure it is really a deal.

If you apply an effort to learn the things critical to your preferred method of investing, you will know as much as you need to get started in a MUCH shorter amount of time.

So yes evictions are overlooked and are critical to how the courts operate in the area.