HUD is not applicable here and the only way to include something like a garden tractor / snow blower in the Letter of Arrangement would be to have it listed as chattel on the Agreement of Purchase and Sale.

I'm trying to get my first deal under my belt.

i know how free you must feel to have that first one under your belt!!

I have been wholesaling for just over a year and have 3 deals under my belt.

Welcome to BP Julia,It looks like you are getting off on the right foot, getting the reading under you belt, and joining this site.

Call it Fly Over country, call it Rust Belt, call it small town America, call it what ever you want but its not in the CS.And when this is reported in the national media the 20 city part of the report is not stated.

Again, look for a broker, they buy and sell notes, they also do originations, some underwrite seller financed deals and even service them as I did, they may have thousands of notes under their belt as opposed to some individual out there having done far, far less or just a few deals who reads about notes or writes books.

Get a couple flips under your belt and insure very well.

Now that I have much more experience under my belt and have found some good workers, I don't go by the job-site everyday.

Places like the rust belt or lower east coast or cash cows but you have to learn the good areas from the bad and will have your hands full managing your PM as things can go VERY badly in those types of areas.As for your gathering of cash, keep amassing cash until you can make another DP... whether it's a 4unit or larger is up to you.