Seems like I'd have to get the property at a low enough price so that god forbid the seller has to foreclose there would be room for the fc proceeds would cover the seller and then my partner right?

The podcasts and forums are a great way to get perspective on big picture investing.

Less labor for the deleader ( = less cost to you) and if it's occupied, you need to cover the cost of housing your tenants while the work goes on.There are tax credits for deleading and loan programs in MA that you can use that don't have to be paid back until you sell the unit.

We can not just make jugement based on the pictures and if the finincial data seems to have chance,right?

If someone has a solid lease agreement to cover all the caveats that they're willing to share, I'd love to see what sort of things people call out in their lease to avoid headaches such as this.

I wouldn't tell the listing agent this if she/he called me as the lender when vetting offers, but it'll come down to a human judgement call on the part of the underwriter, how well I package it and write a good cover letter, etc, and not be one of those "oh slam dunk no brainer of course it will be 100% fine" type things.

I can't get that return anywhere for a 6-9 month timeframe, and would more than cover any fees or tax concerns.The biggest risk I see is that if there is a job loss, the loan is considered a distribution and you need to pay tax and a penalty on the money.

HELOC is indeed the best credit tool for flipping, big picture.Little picture, for the specific house you are buying that you will live in, FHA 203k 3.5% down is another option to consider. 

to help cover any legal actions.    

Hi, I'm in California, my wife and I are real estate investors (both unlicensed) I'm looking to hire a licensed agent to do some tasks for our company, mostly driving to look at properties, taking pictures, dropping off and picking up contracts and meeting with sellers.