@Jason Boyer  welcome to BP Nation!

Go to someone reputable such as Tactical Response or Front Sight Firearms Training Institute.

I called national lenders to try and get a traditional 30 year mortgage but was told that, due to federal regulations on fees relative to amount of loan, they couldn't offer a 30 year mortgage less than about 100K and only 15 year mortgages between 50-100K.  

It is like $20-25 at the door and something like $120-130 for an annual membership so if you go to more than a few meetings it pays for itself like that pretty fast.You also get National REIA benefits like discounts and rebate programs at Home Depot, Sherwin Williams and lots of other things.  

Recently it sold, price unknown.Rent-o-meter estimates $638 – $837 If I were to buy & hold this property I would make it section 8 ready.Tax assessor says it sold for $143 in 2002 then $192,750 in 2004 to the current owners.Record Deeds Info / aka Red Flags:'05 Well Fargo Mortgage 207k'05 Mortgage Discharge Mers Inc (3x)06 Lien Municipal (City) 2.6k due06 Wells Fargo Mortgage 228k till 11/203606 Wells Fargo 207k Released08 US Bank National Assignment'11 Intent to Foreclose (03/25/11 Auction Cancelled)'11 228k US Bank National Citigroup Mortgage Loan(Common sense is telling me they refi-ed about 30k a year after buying & I'm thinking in 3 years they couldn't have paid their mortgage down from 228 to 44k) but my real estate knowledge is limited.

Something that would get my attention is a lending firm that would offer a low, fixed interest loan to an investor backed by property without having to go through as many of the hurdles one would have to go through when dealing with a traditional institution.Right now I would like to consolidate about 68k in high interest debt using property as collateral but I don't have the 15-20k in reserves needed to qualify for a HELOC or cash out refinance with a traditional institution.

You aren't even building in paying the lease yet or utilities to keep the lights on etc.Average median income on LoopNet shows 62,000 median income which is just slightly above the national average so not an ultra great location.

A definitely agree with you; sometime the best way to not only learn, but institute those lessons in our daily decisions, is by making the mistakes firsthand. 

Hello BP nation!

If I get them under contract, are there a lot of buyers, who I could assign my LO contract to, on the market place, who would buy nationally, or would that be a waste?