I only have about 15-20k I can use to invest, so I need to figure out how to get creative financing.Maybe you could consider joint ventures with homeowners who don't want to sell to wholesalers but don't have the money to do repairs themselves.I don't mean major repairs but just optimizing the appeal for a retail buyer.Once you agree on an as-is price near what a wholesaler would offer you could lock it down with sales contract.Then a joint venture contract could be drawn up that protects both parties.You would not be looking for distress sales because the homeowner needs to be able to keep paying the mortgage and has to have enough funds to move out before the work is completed.You would have to be selective about the owner and be confident they can fully understand the process and that they can pull it off. 

Looking for a 3-4unit using FHA Loan but switched income source back in April so previous returns reflect old income source and currently income is from my retail store I own.

Looking for a 3-4unit using FHA Loan but switched income source back in April so previous returns reflect old income source and currently income is from my retail store I own.

LLC liability protection can be rendered invalid by a variety of mistakes one could do.     

I also wanted to ask does anyone use special kind of leases with the section 8 tenants to protect themselves from certain things?

A borrower who files bankruptcy has protections under the bankruptcy law for debt collections.  

So if something bad happens here, you are still protected.  

This year, it's been electric stoves: burner sockets, burner coils, switches. 

Hubby and I (both in our mid-60s and retired) have been in the buy-and-hold RE biz for 2 1/2 years.  In that time, we've amassed a home and a condo (both with mortgages), another home (held by an IRA), and soon will b...

@julia fergoEven if you use a buyer's agent I would still run the paperwork through an attorney until you are comfortable reading through it yourself and know what is standard and how to protect yourself.