Rusty Thompson You mentioned a previous thread, I thought there was one, but I could not find it.I think your speculation could be exactly how it comes to pass, all dependent upon the restrictions on re-sale.

If something happens to me my wife won't have access to the corp or its assets or bank account.

FNMA and FHLMC are the two large govt conventional lenders, and both lend to NOO's on a much more restricted basis, which I think you probably already know.

And most of my lenders would prefer to lend shorter-term for my flips than longer-term for buy-and-hold (that said, anyone who wants to lend short- or long-term, feel free to let me know :).But, to answer your specific question above, if the person doing the work weren't experienced and/or didn't have access to cheap capital, a partnership could potentially generate much better returns than borrowing at high-interest rates.For example, assume that you purchase a property with little equity (you couldn't easily resell it for a profit) but that throws off about 25% per year in cash flow (cash-on-cash return).

We will open registration for the bootcamps on Friday, February 3 at 10:00am EST, and the first 200 paid conference attendees to register for each bootcamp will be granted access.

Lawyers are good for legal questions, not necessarily real estate investing questions...To your first question, *some* REO sellers have 90-day resale restrictions, not all.

I use an MS Access database which allows me to use a form to quickly input information, select the type on contact and add them to the database.

I have two condos in my portfolio and I like having the HOA restrictions to help keep the community, tenants in check and the risk of the community deteriorating over time is also reduced with a well run association.Currently I live near a huge townhome complex (few hundred townhomes) that was built in the late 90's.

Once you show that you are for real (by closing on a deal,or by giving them offers that make sense along with POF - POF is the thing that helps your credibility), then you will be able to ask them to keep you informed of new listings (and you'll ask to gain access prior to them hitting MLS).You say you have already closed on REO before.

I am always amazed at how much information you can obtain from court's public records, some courts let you access this information free or with small fees, other services like chexsafe charge $29.