If you are looking to be an investor, learn how to be an investor first and then get your real estate license.

This deal would be $275,000 with the owner holding 80% of the loan for 5 years.  

You would need to file a proof of claim for the monies owed and hope you secured it by a deed of trust.

Any tips or advice would be greatly appreciated!

I stand corrected:)They do have an office in Metro Detroit and while we're far from perfect, we seem to get a lot of their unhappy previous clients.In our opinion, they built a system for Class A rentals - where tenants have 680+ credit scores and rarely have to be evicted or trash properties.They then tried to apply their processes to Class B & C rentals and that's when their service issues increased.All this caused them to recently significantly increase their Flat Fee pricing and monthly minimum charges.

Whether you attend our group or any of the other amazing local groups listed above, just get out there, be yourself and network to find the niche that calls to you! 

Would love to hop on a call and answer your questions.

If you must have carpet, go with something neutral like you mentioned.Darker tans or something with a speckled pattern would be nice and hide stuff.

RentRedi "stars" it out, so would it be appropriate to ask the applicant again for their SSN?

From what I'm reading the medicare lien will be wiped out after the foreclosure, so I'm wondering if medicare will negotiate with us.