You'll need to build relationships wherever you're operating.

There is another consideration, relationships that pay off in the long run.

However, the relationship between Lender to Fannie/Freddie has representations and warrants which are made and deal with buyback clauses where a lender may send a loan to Fannie/Freddie but upon their review they can reject the loan and the lender must buy the loan back.

Jon is absolutely right.I would establish a relationship with a private lender and structure a line of credit.

Historically, its just matched inflation.

Around me I have a fairly good relationship with a Realtor, Mobile Home Investor, Landlord, Rehabber, and I am starting a REIA to seek out a wholesaler.

I am a long term relationship believer.

So i guess it was a good deal and i will keep a good relationship with this manager.

My first question relates to the relationship between investor and flipper (ie what does a typical agreement look like?).

So, you're not the only one asking them for help, and if you don't have an relationship with them prior to your asking, you're just one of a hundred other guys who will be asking them this year.