You bet---as far as Bob's "they need a job" statements, in order for FHA to work, they will have to have a 2 year employment track record (with no gap) and be able to document it (as in FULL DOC) in order for FHA to be considered...I also lend in IN and would be available for a 2nd opinion if desired...Regards,Scott MillerOriginally posted by "BlueStarHomes":Thanks for the input.

The main challenge I see is to convince the seller that you are a good, well organized investor, who will take all the burden off of them, giving them regular guaranteed monthly payments, while they continue to receive all the tax benefits of ownership, during the term.

Most of the investors here seem to advise to just read all the posts, read books, get organized, discover the type of investing you are most comfortable with, focus on that - and dive in!

The 800 numbers on top of the for sale signs that offer recorded messages regarding the property.

Foreclosures have hit recent record numbers and with 10.2% unemployment most experts agree there is shadow inventory building with the banks.

There's also lots of material here in various posts, though it may make more sense if you take the time to buy or borrow a book on "pre foreclosure investing" that presents everything in an organized manner.

Compared with the S-Corp, the LLC is a more informal organization, does not issue stock and does not have the same rigorous standard for corporate maintenance.

I've heard about privacy issues since it's in the public record, and as a result you should seek out a relative or friend. 5) What if I choose an available name in DC that is not available in MD (or VA) and I want to do business in one of those states later on?

The best defense is hiring a professional to check credit, criminal or court records or learn the process yourself.

Most have online pages where you can do record searches.