So I'll head back over there tomorrow and continue until I see him again.In preparation for the next time I actually see him:- I prepared a contract to make my offer official, and to give him confidence in me and give myself a bit of security- I purchased a set of walkie talkies and will give him one (with extra batteries) with the hopes that he will use it to communicate with me, we'll seeAdvice to any others that may face a similar situation (just in case):- BE CAREFUL - don't travel alone or at night, be prepared for anything, understand that their mindset is survival and you more than likely have a lot more to lose than them- Bring some cash (ones), but not a lot (I've been handing out dollars like candy)My plans:- Get the contract signed- Clarify all of the "assumptions" by asking him a series of questions I've prepared (regarding proof of identity, of sound mind, legal capacity, veteran status, etc)- Open title on Monday, find out what my title company will need in order to close- Do whatever I need to do to get him in a position to closeMy ongoing questions:- How do you responsibly give someone who is homeless this much money?

Ever since the Denver summit, my phone has been ringing with people asking me to help/coach/mentor them in some capacity.

And make sure your tenants don't have to flush repeatedly because you reduced the tank's capacity.

The seller wants to know you have the capacity to do what you offer to do.Last REO I picked up they asked and I had a phone call with the asset manager and the listing agent.

You need to look at the structure of the note and security agrrement being lawfully made, the credit and capacity of the borrower, the valuation of the collateral and read between the lines of the deal that was the basis for creating the obligation.

Normally I would act in his capacity but I'm not running this through my companies so there is an issue of personal liability that I'm not willing to take.

That will only produce a result assume the borrower made all payments along the way in full and there was no modification along the way.The capacity to figure that out is just a little math.

The security owns the whole loan sometimes less the servicing rights and has the capacity to assign its rights to MERs and MERs can act accordingly.

I just obtained my real estate license and would like to put it to use in some capacity.

And, if you are going to make cash offers and use any lender you had better get an iron clad committment letter from that lender, especially a private lender and make sure they have the capacity to follow through.