And he did ask about the tax stuff if I was able to l/o this---which I have little idea how to do---too many numbers to consider.

After a quick head scratch, I went to someone else at the bank and asked if two years rental income Schedule E from '09 and '10 would suffice to show experience--lo and behold it would.One day it's up, the next it's down, but I keep on truckin'.

If getting involved with deals through L/O'S, sub2's and owner financing is something you would rather not do, try to network with people who do..

I would suggest starting with a couple regional banks, but if you need to use a big bank, try BB&T or Wells Fargo (WF rules will differ depending on the specific underwriter, so check with the LO in a couple specific branches).

Im learning about LO and sub2 so I was just curious.

Hi Sean D , An exercise I always do is "reverse engineer" the LO, or Get the Tenant Buyer First.Regardless of population, you can post on CraigsList,2 qty 4 Bedroom 2 B for Lease Option or Cash SFR properties avail in ___ school district.

I want to start doing direct mail to L/O sellers, I need some help defining my list.

Lo & behold, he had an interest.

This is a specialty area so get referrals for an experienced LO who can guide you through the process.      

Just waiting for the bank also sign and have a fully executed contract.Good news is that the bank will evict the person living in the house (That's a relief) since the tenant is not cooperative and they don't allow the county to do the certificate of occupancy (which is needed in my county for every foreclosure sale)PS ( 3rd lesson learned: Deals are like taxis, when one passes, the next one will come...i read that somewhere in BP and in this week I found another potential short sale I am planning to pursue also)Two questions:-Assuming the Certificate of Use comes saying the property needs to fix X Y and Z before is a livable property, How can I leverage this lo lower down my offer again?