If the amount is small, there are ways to work that (message me).From the bank's perspective, generally, cash and hard money should be equivalent assuming you plan to waive financing contingency.Each bank is different, but they have procedures, bureaucracy, etc that would cause a delay in responding to offers.  

In other words, does your due diligence procedure give you the ability to differentiate between the low risk and high risk sales?

Best of luck with your procedure.  

More than anything I'm looking to get some practice with the whole procedure.

I'm a little biased but I think San Diego is America's finest city (minus the fact that we no longer have a professional football team but I digress). 

Now that I will be making my investment, I am unsure how to procedure when it comes to setting up my banking account.

It is not clear to me yet the procedures of lenders for homeowners not opting into HAFA.

The agreement should address the initial participation of each member (i.e who contributes what money and which skills); the ongoing responsibilities of each member;  procedures for exit of any of the members (both by choice and with a push) - e.g. to whom may they sell their interest, who has first right to purchase the interest, etc.You may likely think such a formal agreement an unnecessary expense at this point and an activity which may put tension on the bonds of friendship.  

You must follow the procedure correctly as if not the landlord can file for eviction based on nonpayment of rent and they would win if the steps were not followed.

Hi All,When meeting fellow landlords, and potential clients, I like to ask about their existing policies and procedures for tenant screening.