We did discuss payment when lease was signed and I demonstrated to them how to use Venmo, but they procrastinated downloading the app and then weren’t able to set it up.

You might consider trying to make a referral or two each year to agents you can get a referral fee from so you can demonstrate the fact that you are actually doing business as a real estate agent.

There are many other things that you can help with, just be sure to demonstrate your value to him and make a deal that is fair for both of you.

I am aware of wholesalers that try to make the deal into a "win-win" for both themselves and the seller, and in speaking with them I think this can actually be a potential competitive advantage.I'm relatively new to BP and still 'researching' how the majority of wholesalers operate, but it seems to me that real estate purchase option agreements are a more elegant way to conduct this type of business.I'm in the process of trying to put together a blog that, hopefully, will allow me to demonstrate this. 

However, in any deal you must still bring some value to the table (capital, experience, ability, resources, etc) otherwise the remaining parties have no motivation for your involvement.As a new investor with no demonstrable track record capital is your easiest ticket to the table.  

1) Based on your demonstrated limited knowledge about the subject matter, such as what it takes to buy a house, manage one, and the economic fundamentals and attention to the market slow down.2) Based on your lack of down payment.3) Based on your lack of reserves since you likely don't have reserves if you don't have a down payment.4) Based on the upcoming recession, which will likely lead to your business slowing and it could lead to your wife getting laid off.5) Based on the slowing real estate market. 6) Based on your yet to be established business.

The key is that you must buy that property in the 1031 and demonstrate your intent to hold it for investment use for a time. 

Hi Shane,I can understand the housing authority wanting to confirm a potential buyer's ability to demonstrate financing capacity as a predicate to them spending time with an interested buyer.

LOL.. that theory is a theory in practice very difficult to do unless you can demonstrate that you can buy 10 to 20 houses and pay cash for them no financing.. 

As you demonstrated, with proper education it is not too difficult to deal with these types of folks.