The day after that funded, I quit, 'sold' my house on a LO and moved 3 states away to do REI.  

LO leads are WAY more profitable for sure.

Since then, many changes have taken place, so much so that the only HUD Handbook that underwriting and LO's such ourselves should reference is Handbook 4000.1, which can also be accessed https://www.hud.gov/sites/documents/40001HSGH.PDF  Number two, the current guideline can be found under Ch 2, Section A, #7 on page 148.

Ask the LO if they can detail the loan process to you from there and give you estimated time frames for the milestone events of the loan process. 

LO assignments are essentially a no risk no brainier approach...

Unless the lien is big enough to destroy profit as a flip.... is it possible to close on it as a buy and hold, L/O maybe? 

Right now I'm focusing on wholesaling and then I'll get into the l/o & sub2 investing.

I know this guy that uses L/O's as an exit strategy, but as far as I know he doesn't have a course yet

So strict that LO's are pretty much dead in Texas.

HOW MUCG OF A DOWN PAYMENT SHOULD I OFFER A SELLER ON THE PROPERTY FOR L/O AND WHEN WOULD I HAVE TO PROVIDE THAT TO THEM.