You could then use that $95k to secure financing for another $300k in property. 

if anybody knows people who are involved with buying and selling non performing and performing notes please list there names by replying to my post, thank yousome other strategies that i've came up with to find notes for sale are researching institutional buyers and sellers for mortgages back securities 

If I could secure a good rate with the HEL it may be the best option, but then don't HEL's typically require short loan periods (5-15 years)?

My Ira buys the property, the Ira secures a non recourse loan and the tenants rent pays the PITI and provides some cash flow to my IRA.

Should I try to secure a FHA first time homeowner's loan so I can put a smaller payment down?

The first step when you are ready meaning you have gained all the knowledge that you are going to get out of webinars,E-Books, seminars etc... is securing the capital you need in order to proceed with your real estate career.

In order to mitigate risk, I asked that they provide 3 months of security deposit funds under the pretence that if they pay on time for 12 months I would refund all but 1 month or just apply the other 2 to their rent due. 

hi everyone, I need to know if I should bother with background checks and security deposits fur a garage rental?

you have to be positive that the numbers will yield profit for all involved parties. if you aren't sure of the exit strategy or how you will secure funds then you still have a far way to go. do you have cash buyers with verifiable proof of funds lined up?

I am sure the seller figured if you could come up with $400K and with the property to secure the loan, that the risk was low.