Brokers can embezzle funds, commit felonies and misdemeanors and get away with it.

This way you are not committing to purchase the property and you have a legal binding contract.Please note, this information is not financial nor legal advice and you should talk to a professionals in these fields.Good luck, and please remember to VOTE on reply's if you think they have helped.Hope you have an excellent future!

I know a few investors who do the direct mail game and they have some success, but they send out thousands a month and are very committed.  

how can they hold you responsible though, you did not commit the crime?

@Bill Jones,The only way you can get around the due on sale clause is by committing fraud which I advise against.Joe Gore

He's tracked his returns, time commitments, etc. for a few years.http://retireby40.org/p2p-lending-passive-income/

. :) If I were an REO agent, I would probably reject offers with open ended hml POFs too.What the agent is asking for is a loan commitment, something specific that shows your lender is actually planning and willing to fund this particular deal.  

Depends on your time commitments and pre-tax annual cash on cash desired for your alternative investments versus the one you currently have.The question becomes how hard you have to work for that 1,000 a month cash flow??

Before committing

They are all normal bank products just with rates and terms that are a little higher and the bank holds them in their own portfolio of loans instead of selling them off.As far as the time commitment, if you want to start investing now and feel you have the time then go for it.