Hey Im in the process of studying the book now before i attend my 63 license hour class.

Additionally, he could utilize the personal loan provision (if it proved to be enough) of 50% of his account up to 50k max and then work on the property as he wishes. 

I'm trying to find my first deal but it is proving very difficult in the Ft Collins area because of a red hot market here.

I would tell the landlord, just state the facts, no opinions, so the landlord is able to come to their own view. if the letter is factual and you can prove it there does not seem to be much come back.

@Precious Thompson are you studying to get your real estate sales license?

Most of these folks are very grateful that I have given them an opportunity, and many truly do prove to be great residents.  

Remember - A Realtor has spent money going to school, studying different aspects of real estate including law (which a lot of landlords do not know), we are required by law to continue educating ourselves.

And while you don't have to keep those reserves in some sort of escrow account or anything, you still have to prove those to the lender throughout loan approval process.It has become much more difficult for people to purchase investment properties using conventional financing over the past few years and although there is the "seller second" or "seller carry back" or "subordinate seller second" as it is sometimes referred, surprisingly few lenders will allow for it.I'd suggest checking with a portfolio lender, that is to say, a lender who will not sell your loan to Fannie Mae, for instance.

But I think that if you can calmly and coolly and methodically prove that the value is only $X, while he may reject your offer initially, so long as you maintain a decent relationship he will come back to you after it sits on the market for 6 or 12 months.Unfortunately, that is a waiting game you may not be willing to play and you will be dealing with somebody who is far more emotional than logical about the whole situation.

I am currently unemployed, as I am studying for various standardized tests for grad school, but if I wanted to further pursue growing my real estate holdings what sort of options might some of you use?