I have heard of two occurrences in my city where someone purchased a home and the city would not turn on the water unless the plumbing was brought up to code.

When you get into big money things are political, let's not be naïve.While I like the regulatory approach of the CFPB, my concern is more to closing the door to entry into the mortgage loan business.

Save it.If you can't live within your means and save money you will always struggle with finances no matter how much you have.That said, here are some approaches starting outPartnersPrivate lenders (friends and family) Hard money lendersWholesaling (can be done with little money but it is hard work and hard to develop a consistent income)Credit cards - Risky but I know people who got their start that way.

Whatever you do, I would use a shared approach to covering the added cost to keep the tenant on board with the idea that she is responsible for reporting any problems to you as quickly as they come up.

You will get reasonable good input if you approach the subject properly.

Being as they are my parents they would more than likely simply loan (no interest)/give me the money, but I want to approach it from a business standpoint A) to show them they would get better returns than just sitting in the bank and could be great supplemental income for retirement years and B) I'm not looking for a handout but truly trying to learn how to structure deals for private money in the future.That being said those of you who have partnered/joint venture would you be so kind as to share some of your different agreements?

We did not sign the papers until he went to the bank and brought back cash.

The idea of buying land and building my ideal house has been brought up by my parents. just looking to weight my options.

I am constantly approached about it, but I specialize in helping sellers.

I’m asking because I’ve been approached by several wholesalers asking me to sell the house for not much more than i bought them for.