Any information would be helpful, as I am currently just educating myself in the process...Thanks,Jon  

Thanks for the welcome @jon deavers!

@Jon Dow You don't need seminars.

@Jon Huber, could you be so kind and share your thoughts here?

@Jon Isacson  We selectively invest in the South suburbs.  

Hi BP,          My name is Jon and im from the Northwest Suburbs of Chicago.  

@Jon QuigleyI bet Glenn McCrorey could give a few good thoughts on this topic, based on his recent podcast.

@Jon QuigleyYou might want to check out these podcasts:Jerry Puckett (which doesn't seem to be available on this site anymore)http://www.podcasts.com/biggerpockets_podcast_real...Michael Quarleshttp://www.biggerpockets.com/renewsblog/2014/07/03...http://www.biggerpockets.com/renewsblog/2014/07/31...Hope this helps!

Originally posted by @Jon Holdman:What is it you're bringing to the table?  

This loan commitment being subject to acceptable title and insurance assigned (and any other contingencies).Have him sign the letter and date it, it is addressed to you.Tell him you need a loan commitment letter for (any Realtor)  closing agent, or seller as proof of funds.As Jon mentioned, use the standard finance contingency in your purchase contract, you do not need to disclose who your lender is and often it's best not to say private financing unless required in your area.