also, could you elaborate on "hold paper".

Ericka J. could you elaborate on "sandwich lease options?"

I will propose a few different plans and would love some elaboration on them of peoples opinion/experiences etc. 

BP's Ultimate Beginners Guide is a great start, and a lot of those topics are elaborated on in more detail on the BP podcasts which I listen on my commute to and from work(although I'm out of new ones now).

while its possible to get a HML from SOME lender most are cognizant of horrid credit and the increased risk and will pass .. some wont pull fico and will go equity based as your stating.. but cost are going to be higher than 9% A LOT higher  Would you mind elaborating on equity based financing?

Ideally, you would make each property its own cost centre, but if you make the book keeping too elaborate it will become too much of a chore and it won't get done {just ask my accountant ... and our new book keeper}.

So how I do thins will be different than others...Can you elaborate on this a bit more?

I think I read somewhere they call that "human capital"...Andrew, you did mention that you would lean more towards something we discover on our own vs something from a turnkey provider - could you elaborate on that a bit if you have the time? 

And to elaborate on what John said, the receptionist or customer service agent that answers the phone, really isn't that interested in your success even if they do know what an REO is, especially since he/she has 3 lines holding from 2 pissed off borrowers and his/her sister in Houston, all while the call center's phone system is tracking how long he/she is taking to get to the next caller.The fact is, if banks/lenders were set up to operate this way, they'd have personel in place and they'd make it known.

I wish I could elaborate but my neighbor has been reading my posts and I don't want to give away specific details.I suppose that in anticipation of legal action, our neighbor has already retained a defense attorney.