I'll bet yours is now the nicest house in the neighborhood.

And you get the benefit of having 40 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.6 of the top 10 areas popular with foreign investors are in Florida.

Rich,I found this on the IRS site http://www.irs.gov/Individuals/What-is-Earned-Income%3F;In this link the IRS clearly says that interest is not considered "Earned Income"Now understand I am neither a tax attorney or accountant however, If I was in your situation my expectation would be that I could collect this income from holding the mortgage without reducing my SS benefits.Probably your best bet though would be to contact a tax accountant or tax attorney (or both) to be certain.

And you can also put ads in craigslist for the salesprice.I bet someone here can get you a good sales contract that's written from the seller's point of view.

What I would bet dollars to doughnuts on is that with respect to charging fees and usury issues and lending requirements, I'd say half the private deals made by those who "really do" lending on the side so to speak would not be compliant.

Definitely look into the 1-4 unit financing as I think that will be your best bet as a new investor.This video may be helpful when evaluating deals as well

Your best bet is with local banks and the big banks.

Existing Loan Info & Comps InfoYou can buy on sub2, installment sale or wrap, or lease with option.I want 3-4 B 2 B min for more popularity in renting-selling.You want to "Be the Doctor" and interview the seller.

They only need that part that addresses the authority to act, not the entire agreement.Hopefully John might comment on the most popular approaches taken to pierce the corporate veil.

If you do want to get financing do it before you quit because it is almost impossible w/o a W-2.Why not consider instead of one or the other of quitting or staying, maybe a 3rd option where you quit that job but find ways to bring in other income.Keeping job usually best bet until you are solid financially.