Hey Chris,Welcome to BP, there is a great forum on the 2% and 50% rules that should help you get perspective on if this is a good deal for you:http://www.biggerpockets.com/forums/88/topics/13335-5-rule-and-the-2-ruleThese are just general guidelines but a good way to make sure you play it safe the first time out.

I had the audio book on iTunes and listened to it on my drives to and from work (along with the podcasts of course) so it was a challenge to take notes.You really need the printed copy @Tony CavalliAlso "Shift" by Gary KellerSee http://www.amazon.com/Shift-Estate-Agents-Tackle-Millionaire/dp/0071605266Ch 10 Creative finance is a must read.

Or request the property be vacant upon closing or your final walk thru to ensure that they are out and you don't have to absorb the cost/time of eviction and are in compliance with the VA loan on moving in.Based on the area in which you are looking to acquire this property, familiarize yourself with the Tenant/ Landlord Act, so that you are in compliance with the laws from a landlord perspective.

Such are considered to fall within the arena of prudent lending practices.Now, let's shift gears to an individual level.By statute and IRS code, a borrower may not receive a loan from a qualified tax deferred plan on a recourse basis, this is partly due to funds can becoming tainted and lose the deferred status.

Help you define the appropriate business structures, both from a legal protection and from a financial/tax perspective Help you create a tax strategy for your business that will allow you to legally keep as much money as you possibly can Help you make smart decisions with respect to your individual real estate investments Prepare your annual tax returns Recommend other team members (attorney, insurance agent, real estate agent, etc) who can help make your business a success What are your credentials?

There is a distinction between a lease {purchase} option and rent-to-own (instalment sale) - at least from the CRA's perspective.

When the market shifts, and it will, it will be much easier to manage the debt on what you own than find new deals that move you toward your goal.Leverage, responsibly used, is one of the great wealth accelerators.

From an investors perspective there are certain things wholesalers should definitely avoid doing and other things they don't do enough of.1.

It's interesting how your perspective starts to shift when you have a goal/target in mind.

Gary Keller of Keller Williams wrote a book called "Shift - How Top Real Estate Agents Tackle Tough Times", and in Chapter 10 he wrote about using Creative Financing to help Sellers and Buyers.