Just want to be prepared for any pitfalls or unforseen gray areas.

The only way around that is to get a bit more creative like get an 80% tard. loan, and the 10-20% balance from a line of credit or preferably a HELOC which has the lowest rates/fees and the easiest to obtain.

Once an agreement is reached, the title company can prepare the note for the seller, and close the deal.

There are some pretty creative ways to deal with these down payments.

The homebuyer can occupy the home, get rental credit and enhance their credit score to prepare for the home purchase.

I have prepared a complete analysis of the issue that can be found here: http://www.exeter1031.com/article_changes_to_section_121.aspx and the entire content of the Act can be downloaded from here: http://www.exeter1031.com/irs_code_regulations_rulings.aspx for complete details.

If you don't have money for traditional financing, you will have to pursue a strategy of creative financing, without banks.

I would research everything you can on this forum, go to the library and learn everything you can about creative real estate investing.

I thought they had to furnish it by Federal Rules 24 hrs. ahead of closing but actually it apparently has to be furnished ahead "if prepared" .

I prepare the documents myself and charge $400 doc fee, so that's a tiny bit of extra casho in my pockets.This is TX and when they tightened up on the CFD rules my attorney recommended I just do fee simple sales.This would have been easier if I still lived here but CO is so much nicer than TX.Anyway my guys called me today and want to close tomorrow instead of Thursday so I have to cancel a couple of tee times but I get to go sleep in my own bed instead of on an air mattress.all cash