My taking a lease option as an investor/principle no way crosses the line into agency.

NOw if you have a moneyed up borrower that is one thing.. but in my days of HML My borrowers did not have tons of liquidity to go after and usually had properties mortgaged up including personal resi.Its much like cross collateralizing..

You make a very good point, I will certainly cross paths with this agent in my future.

BUT in order to be able to cross collateralize the "down payment" (25%) on a different property your original house we could call it: "House A" have to have at least 50% equity.

I am fairly green any advise or feedback is appreciated Eric

I would not immediately cross off a D/D- neighborhood but I really have to get there, talk to the tenants, talk to neighbors and get a feel for what is/who is next door to the property I am purchasing.

they're are deals if you want to go se on the green line or ne towards md.

I would have never even crossed my mind to keep the kitchen that way.  

Next - buy green wood, unfinished.  

I could also get a wavier of equity claimed in return for a release from the judgment.Time to wholesale is before a foreclosure, I don't want title from a lien interest, allow the borrower to sell and you can do so without recourse.But, non-recourse loans have been a kick around here for several years, especially with one syndicator type, most housing investors here really don't cross the threshold for non-recourse in commercial and if you have investors as your source of funds, you're toying with their legal abilities to collect.