You then have the choice of 1)  Buying out the 1st lien  2)  Letting it go at FC and hoping there is something left over for you.  

we have a tenant couple from the middle east who asked if we would allow goats !!!

I believe standard is 7" and I wanna go at least 8".

Properties tend to go at or slightly above asking price.The area you will be living in will be mostly, but not entirely, multi-families and a good proportion of the population there will be renters.

They could easily (now or in the future) give you access to capital to do deals.Spending the next 6-12 months working for free for someone will give you tons of future value to your future investing self.Don't be so quick to try to go at it alone.

I need to know what would be the best way to go at giving three scenarios for an equity investor to provide the initial 20% investment in flipping five homes.

OTC seemed to be the way to go, at least for me.

After you have more than four properties and work a full time job, it is hard for DIY landlords to be able to prioritize leasing during weekdays, etc.As an investor increases the number of properties, the ability to juggle it all without losing days starts to occur and then you can make a decision to get help, go at managing your properties full time, or becoming less efficient.What percentage of property owners  do you think has what it takes to really be able to manage their investment without losing days?

See, there you go. At

Now if you already have a home take a Heloc out on it and go at it.