The offer was made as been financed and a preapproval letter was sent with the offer, according to the employee I spoke to at hud this was a new regulation they just put into effect, that was why they gave me back my emd, once they know it is a hard money lender they will be requiring the xyz hard money lender to provide a bank statement showing that there is enough fund to close the said deal or a letter on the banks letter head stating that xyz hard money lender has enough fund to close the said deal, so before any body makes an offer on a hud property be sure to be able to provide these docs.

After a few years of hitting my head on the corporate ceiling, my attention went back to construction, only this time I was doing all of the work on my own investment properties.

I tell them I'll stop over with cash, three guys and in two hours or less the mobile home is headed down the road with us and is out of their life.

8am--headed to the newly acquired and renovated rental property for some final 'fix it' items: repair window, connect gas stove, mount hand rail for basement stairs, pick up fridge, and meet guy who is building egress covers and ladders.Oh yeah, forgot to mention that it is our first real snow storm of the winter-8 to 10 inches.

Just a heads up...I had this issue come up during my IRS audit.I had my wife's S-Corp hold a mortgage note on one of my commercial properties.

In TX, we don't have a state promulgated lease, but we have one provided by the Texas Association of Realtors.

Stick to a good ROI for whatever you going for.I have an associate and a bachelor degree both from local college and university.

You have to keep it up until it starts to work.As for the expense, most of the expense comes from joining the Association of Realtors, not from getting a real estate license.http://www.biggerpockets.com/blogs/3840/blog_posts/33767-the-difference-between-a-realtor-and-a-real-estate-licenseeHere is an article to explain the difference in cost.Good luck in your endeavors .

He is headed for a crash if he does not get his finances under control.

Thanks for the heads up and I will let you know how my trip next week goes.