Take them out to lunch, email them, express to them your criteria and goals and start to leverage their network. 

Doesn't that expression end in Master of None?"

It is still the easiest path to slowly build wealth, but don't expect the easy road, or the express lane to be open.

American Express has some business cards and don't show up on your credit report if its in a business name.

He has expressed that he wants to sell the property but he says he is got to wait till he  gets them out first.

It's simply calculated and charged (at 12%) for a shorter period of time (6 months).You asked that it be explained in detail, so I hope this isn't toooo detailed, but I'm going to give you the calculator punches on a simple 4-function calculator:(amount borrowed) X (interest rate) = (annual interest**)(annual interest**) divided by (12) = (monthly interest)(monthly interest) times (number of months you owe the money) = total dollars of interest paid**annual interest expressed as a dollar figure for total one year's interest at that rate*APR: I think you might just want to think in terms of the interest rate, instead of saying APR (annual percentage rate) as the APR is a combined rate that includes the interest rate being charged, and all other "finance charges" such as up front lender fees, prepaid interest, etc.The APR is required under TILA, the Truth in Lending Act, and only applies to consumer loans, so would not apply to a business loan, but your business banker might just be in the habit of using that term anyway.Dennis, are you still awake?

By extension, the escrow accounts in some places to deal with any POS items are also wiped out.On top of that, using the same rational, annual / new tenant rental inspections could also be deemed a violation of ownership rights.The counter argument that could be made is 'public safety' and so a balancing of conflicting rights.Any lawyers care to express a thought?

What is accurate will be a highly regional question, I'd suggest chatting with a lender local to where you are buying.The reason expressing it as a % is never accurate is because the closing costs do not scale up and down in a linear fashion with purchase price.

It appears as if I can cherry pick the deals that have the most room in them provided I can negotiate the sale from the bank with the goal here of purchasing properties that have an ARV of >200K because they're easier to move quickly.Now I've mentioned this situation to a few people that I know who are real estate investors, and these people have all expressed interest in purchasing some of these properties.  

A term including lawyers, title companies and others in this field will magically materialize once you find a great deal.The best thing that happen to me when I started in this business is I had NO money - No credit and No knowledge investing in real estate  ----- as a result I had to to depend on creative financing - I would ---use cash partnersfinancing companies (they love to finance things that don't have wheelsdelayed settlementhybrid offersoptionsassignmentspossession agreementssubject to existing mortgagesseller refi for take over Any other ways to get my big toe in the door to potential cash flow.My opinion BANKS - MORTGAGE BROKERS/BANKERS - and Hard Money Lenders are not investor friendly and some are predators looking to suck the bucks from your profit and the spirit from your sole.If I offended any of the above - well I have the lumps and negative experience now and right to express my opinion!