Two years tax returns + 4506 transcripts are mandatory nowadays.

I don't know the depth of your rehab, but $25k will not get you much nowadays.

Nowadays, getting a high rental return usually means targeting lower income neighborhoods, which is not advisable at all for an out of state newbie.

Neighbors spend all winter looking at the beautiful new house (outside only) and when it hits the market in early spring (March) there is a great amount of 'buzz' in the neighborhood.

The kicker being this is one of the few business models where the banks are begging to lend money on, we have borrowed at 5.45% interest only, 75% LTV, which gets revisited every 2 years.This may be a convoluted way to explain a simple concept, I know the industry in Australia, but the same buzz words don't bring anything up on a search in the US.Is this a pipedream in America?

Nowadays I can't seem to win a bid, no matter how high I go! 

With Short Sales nowadays, it is very important to:1) Show and document as much owner hardship as possible.2) Very heavily influencing the BPO, is a very important component as well.As far as the lending institution having the owner carry back leftover on an unsecured note.

Wholesaling wasn’t a “buzz word” back then…I bought it on a lease option...

I know most won't do these nowadays but if there is one that does I would love to hear about it.Thanks!

I don’t think nowadays brokers are not paying for your licensing.Remember, expect various fees and dues to be nominally $2k annually.