Making contacts(via the internet), drafting a plan, getting my credit in line, securing funds, but I am finding I keep coming across a common road block.

You would end up needing to secure the note with a personal signature.

But a buddy of mine has done this for the last six years like clockwork. 24 months and on to the next house.A little caution on starting a rehab with little secured funding.

Do you have a contract in place to secure 3%?

Then you are a creditor secured by a lien on the property.The person owing the money could also try to work out a settlement where they make a partial payment in agreement to have the lien released from one property.

Can't honestly say that I've studied any of the material as of late.Anyway, I have about 110K in equity in my house, just secured a line of credit for 90K and I have a credit score between 710 and 800.I have a GREAT handyman/carpenter lined up and he has an outstanding work ethic.

This includes Security deposit handling and inventory/condition documentation.

okay, so this may be a stupid question (or not if it helps the original poster), what happens if you secure a contract and then, you can't find an investor who will want to buy it?

I am in Canada, so I would have to look up securities regulations here.

In addition, while you are waiting for that small percentage of people with bad credit but a big pile of cash to show up for the option premium and security deposit, you could be renting the property.