But I know a guy who was running a $100MM fund prior to the bust - let me tell you , they went through his fund and every aspect with a fine tooth comb - and this is not just because of lost money, they were trying to take the fund away from him and control it.There are so many ways you can get into trouble.

There are several unknowns on a purchae transaction most of the time, but we try to get as close as possible, so the borrower is not "shocked" when it gets down too the nitty gritty.

The one question i get is "How can you assure me that you are not going to sell the beneficiary interest to othe investors" What can i do so these investors wont feel more secured when buying my deals.

I am in an oo residence now and have to figure that one out too. The

You make a good point about rehab too. The

If it were to be cut in half via a re-zoning issue, he/she would fight tooth and nail to stop that and if not successful, would likely not buy the parcel.Good luck to you and as already stated, start with the planning department.

Buy cash (not recommended), secure financing through a Commercial lender, get seller to carry financing, or buy subject too the existing mortgage.

Other people do it without a mentor, I think I can too. The

When you find a prospective property, you will want to go over the profit and loss statement with a fine tooth comb and compare it with typical investment property figures.

Understand too, the reason for all the crack downs on investors financing deals is directly related to all the "investors" who have been screwing people, so you brought it on yourselves by condoning such practices or doing them. :)