Everyone has their opinion on what is acceptable but personally I wouldn't be getting into personal conversations over why someone has bad credit and what they are doing about it etc.What about income levels and length of employment?  

If he's interested in funding the deal, he will probably require less paperwork and blood samples than a lender.Good luck to you Johnny!!!

So you can do one of three things:(1) prepare a mock 1040 as you normally would as this will give you a high level of accuracy if prepared correctly;(2) review your previous returns and determine your effective tax rate, then apply that rate to this years earnings; (3) have a CPA do it.I get this request all the time so I've built a template for myself that allows me to quickly estimate a client's tax liability.

You can file a personal lawsuit but then you're squeezing blood from a rock, you might get a settlement but if they don't pay on it, you're stuck.

It's helpful for someone looking nationwide like yourself and wanting some high level info to get started with.

Jannelle Nevels once you get possession of the property, check the plumbing, chances are there is a leak somewhere.Also assuming you read the Property Condition Report, which can give you a very high level idea of the condition.Did you get HUDs title insurance or your own?

While section 8 is a federal program it is administered at the local level so different areas have slightly different rules.

I will pay for my closing cost you pay for yours  or do you expect me to pay all costs.these are the basics... but do check to see if the seller owns it free and clear.. if not your have a subject too or a wrap situation which is much more complicated and creates another level of sophistication and due diligence on your part.

Very nice to live, but not necessarily nice to invest because the prices have increased significantly over the last few years and its very hard to get good cash flow out of them at the rent levels in the area. 

One recommendation I would give you is find your local REO meeting you can connect with all levels of investors.