When you have simultaneous deals going on all lenders are aware of your other contracts and loans in process, but they don't know the details of each deal nor do they know if you'll be approved and those other transactions effect how your application is viewed and/or approved.

But if you hold it for a very long time, the present value of any realization upon sale is so small (for many extra improvements), its practically immaterial.

I would like to insulate the entire home but it truly is not practical to open up all the walls to do so.

Aggressively pursuing a DIL with elderly folks who are having a hard time understanding what the intent or outcome may be is not a sound practice.

Conceptually, I think I understand what's involved; but the nuts-and-bolts and the nitty-gritty are foreign to me.Looking, then, for a mentor who can help me learn the ropes, identify legal forms and systems, private lenders and buyers, et. al.Looks like wholesaling is the best and most practicable place to begin since it doesn't require a huge upfront investment, but honestly, I'm not sure exactly where to start.

It's nice to hear that you have a good life/work balance in your practice.

Not practical.

@Britt M.You cannot lose if anything it will be good practice.

That's a good one David, keep the gas tank empty in that weed wacker over the winter so the carb doesn't get gummed up, bring it out buzzing when the time is right.I really wasn't making any request, didn't mean to imply you were puffing either but that such practices can be.

If you are fully leveraged you will have a much harder time getting your hands on that money.But, from a more practical position.