Well no money, time, or car are some pretty heavy strikes against you.

It strikes me that so much of the sponsor diligence is placed on the individual - are there centralized networks where reviews of sponsors can be crowdsourced? 

@Raj AjrawatI have posted this several times on BP and I don’t think I have ever had anyone follow up on itFind out some small to mid size note investors, ask them if they have any foreclosure sales coming up - you can strike a deal with them upfront if they get the home back you will buy it for X or work with them to start with a lower bid at auction for what they would sell it for and then you have a starting point at auctionFor example we had 3 foreclosure sales last 3 months and we actually sold the properties for more post auction than what we bid and got property back at foreclosure

Any chance your could sell him an option now which fixes he strike price on the house and he could start developing at the other end of the block and give you an additional 3-4 months?

It is hard holding cash....but I have taken some advice from video I saw of Warren Buffet this week about only swinging at strikes....he made the point how much better hitters are when they only swing at strikes. 

The look of IKEA can be striking, but as soon as I open doors and drawers on the display floor models, I begin to worry about the quality.  

In AZ there use to be a box to check for AS-IS and brokers would instruct sales people to strike the section about inspection and get both parties to initial if they checked the AS-IS box. 

The experience you will gain as a landlord as well as positioning yourself financially will make you ready to strike at the next opportunity.

Rent control is starting to spared faster and faster in Maryland! If you don't get out and speak against this, it will be in the whole state before you know it.  Below is a letter from a landlord association I belong ...

Money does not sleep, complain, unionize, get sick, question, go on strike, take a day off, etc. 70% of your money should be in play at all times.15% pounce money - ready to go when you see a good opportunity. 15% transitory - money in and out of short term deals.