So I was hoping to capitalize on the bold lettering because I feel it describes me to a tee.

I have been going out looking at properties for a long time in order to start a real estate portfolio, I am what is called a lookie lou ,cause I haven't closed on anything , i have come close on one property ,went as far as an inspection which cost upwards of 500 dollars, it was a 4unit, and my r.e. agent has no get up and go,I give her addresses to view and no appointments are made. 

Carol describes some of the occupational hazards of the job.. 

It seems the areas you describe have them.

The business-person that you describe is very likely a busy person that has 100 different options for their time. 

What has me wondering if I'm seeing straight is the article linked below describing a radical easing of credit standards.  

If I would then like to purchase Property B-Duplex and use the 40K equity from Property A, how exactly would the bank view this. 

This is a side view shot from what looks like the gable end of a roof.

So, learn the differences.Mark's option as he described is not an option contract, it is a sale agreement or installment sale!

So, now with all you have said here, I can look closer at the situation and take a more informed view.