@Wade - I want to agree with you - I know what I want, I have the language, etc.If I have in my offer the requirement for a a solid inspection plan, I get the official numbers and tax forms, I have a title search and insurance, and leases and estoppels, AND have a nice OUT clause if I don't like what I see, I just don't see what I have to have an attorney write all that up?

Not really sure what i should do to jump start myself into this so i need a mentor to show me the way into making my finacial future secure!

Yet and still its most beneficial for you to seek out other deals and secure profit for your business.

We have found through our experience that these price points help provide a higher quality home (age, location, school district, curb appeal, crime rate, median household income, lower maintenance profile, appreciation potential, etc.) and a higher quality tenant (fiscally more responsible, less transient, strong job security, etc).I hope this helps give some clarity to our business and please let me know if i can be of assistance.Sincerely,Michael Finn

Jamie,you have some details correct and some mixed up a bit - let me help.There are 4 components to a property - let us use a single family home as an example.There is the house - bricks and sticks.There is the deed - who owns the propertyThere is usually a note and mortgage - the Note is the promise, the Mortgage Secures the promiseThere is occupancy.Most people think these are all in the same and sometimes they are - in our instance, they are not. 123 Main St is the physical address.

For example, if you do not put the name & address of the bank in which the separate account you have for the security deposits, in the lease, you owe 3 times the deposit to the tenant.

I haven't officially decided if /when I'll get my license...

Because the seller has a security interest, they can foreclose if the buyer doesn't pay.

This still has it's own barriers since title is encumbered and the sale will need to deliver clear and marketable title to a new buyer.When Bankruptcy is filed an automatic stay of collection occurs for all creditors, secured and unsecured and the borrower is protected under Bankruptcy law during the BK plan.

Since I am using HML they will have a 1st position lien on the property, so can I secure the $30k with just a personal guarantee?