In the 5 DAY SALE, people can have some assurance what they are bidding on is in good condition, as well as looking good.

To assure that you make it to that point.

Like I said, I don't know about his program, but I do know about him; and I know you guys don't know me and I'm not trying to defend what he's pitching out there, but I can certainly assure you that he knows his stuff and his story is completely accurate!!

., I completely understand that doing my homework on tenants is a very important part of the process, and I can assure you I will not cut corners on that.

If conventional lending is your only source, and I assure you it is not, ask around at the smaller, local banks.

Any suggestions on other ways I can get the lender the assurance he's looking for without incurring this expense?

It isn't beyond the realm of possibility.That is why I recommend seeking out a licensed attorney in his jurisdiction for an initial consultation; consultations that are often free, and will most assuredly absolve these concerns within the first few minutes of conversation.

It may be a couple years before you buy your first property, but don't let that get you down.Thanks for the re-assurance @Sergey Tkachev!

Keep your chin up--I assure you, you can do it!

After talking with an escrow officer there, she assured me that the contract I had would work out just fine, and once it's signed we can open up escrow with an earnest money deposit and go from there.