If he does not close on one of those properties, then he has a failed exchange.

If I fail and need to foreclose, I want her protected as well. 

So if you put 20% down, do most of the repairs but somehow fail to perform, they are the owners of the house and you are out everything.THis does NOT sound like a good deal to me.

The way I see it, I don't have any resources (or credit, yet), but I also don't have any responsibilities, so if I fail miserably, the only person who loses is myself, and I have plenty of time to recover.Anyway, hello everybody!

They either pass or fail based on the raw data.I assume if a applicant has no score somone else will rent to them.

I even explored the posibility of selling a kidney.Be carful most new investors fail not because they can not buy the property they fail because they do not have the cash reserves to carry the property.

Zillow has always been one of those "too good to be true" for me in terms of lead generation because if it were that easy, why are over 90% of agents still failing within 1-2 years of starting?

People in this business, especially the newer ones often forget to pay themselves which is one reason so many fail. 

@Grant Rothenburger and @Paul CaputoI failed to mention that we really need to get the concrete work done and don't have that cash on hand, so will need to finance that much at least.  

I feel like after reading a couple of books the overarching mentality, techniques and methods on real estate investing would become repetitive but i also want to do my due diligence and get smart before rushing and failing at my first real estate investment.