Check with local banks and credit unions to see if their program parameters are a little different.Also condominiums are "condos" not "apartments".

In today's climate it is hard to raise capital so recess from that program include lower management fees, back end split and include a preferred return.A preferred return is NOT a guarantee.

You can also find your local REI club and get with other investors to help you.You need to start meeting people in RE anyway, an attorney, title company, a Realtor to name a few and they can all help you determine what is necessary in your area.IMO, the problem with stuff off the internet and in guru programs is that they may not meet your state requirements.

The entire point of the acronym involves an individual using programming techniques and content placement to structure the semantic "flow" of your web site's data.

As Jon has pointed out, there are banks/credit unions who have CRE loan programs for loans in the 500k and below category.Your income and credit are good so that won't be an issue, but your inexperience as a landlord could be a problem for some lenders.

If you have had a taste of s8 and like what you see then by all means dive in.Having a business like this could be a little intense because some of these people have some very real drama in their lives.If you aren't scared of some extra work and associated risk then be prepared financially.One little story for you.

.* Go ahead and get your agent's license and prepare to hang your shingle with an investor-friendly transaction fee-based agency.

I know they use it for lending under Harp and other programs used to refinance.

My husband and I are apartment dwellers in Los Angeles and do not own any property, but are looking to purchase a rural foreclosure as our own "vacation" home - we found a place we like, just listed, subject to Fannie Mae's "First Look" program, which stipulates owner-occupier only.

And so I talk to the agent and explain what it is we do and our company and our program and how everything comes together and just leave it at that.