One last thing....short sales can be very time consuming for an agent.

The Consumer Financial Protection Bureau (CFPB) released the rule on January 20, 2013, as part of its implementation of amendments to the Truth in Lending Act (TILA) made by the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted on July 21, 2010.

Hey Brain, I recently joined BP I've been reading a couple threads trying to consume as much as possible.

This would be very time consuming but if it is my only option then that is the route I will go.

2)Also, I read another Jason Hanson article "10 Documents You Must Use When Doing A Lease Option" Those documents sound expensive for me and time consuming for my lawyer (maybe not he works with lots of investors).

We also have the Consumer Federal Protection Board, a new policing agency and rulings cracking down on predatory investor/lenders.

Regardless of whether you have an interest only loan or an amortizing loan, if your debt service consumes all of your net operating income, your net cash flow is $0.  

Finding great deals is not easy, but it is something you can do to get started with very modest money.

I also live in your district so you are my Representative in Washington, D.C.As a manufactured home owner I am concerned about what is going to happen to the value of my home if the current rules set in place by the Consumer Financial Protection Bureau are allowed to stand.

This can be time consuming if you're planning to do it yourself.