Being licensed, or not, has nothing to do with being able to own a property....you simply need the cash for the down payment and closing costs, decent credit score and a decent income verses your debts.

Originally posted by @Drew Sygit:Most OOS investors fail to realize that Detroit was geographically built for 2 million people, but currently has less than half that population.Some areas of the city, maybe 1/3, are coming back strong, another 1/3 is so-so and the last 1/3 is no mans land.How long you have sit on a piece of land before you can profit on it, depends on where you buy.there was a nice article in National Geo a few years back showing a return to nature for those areas of Detroit that simply will NEVER come back in our lifetimes or kids or grandkids you points are exactly correct .. 

Or simply get some docs in order with said co.

Sent over other loan related forms to Flat Branch.714/8/20212:30 PM2:45 PMSpoke with Tyson about the inspection, due to how good it was, we are going to simply ask for the lateral line cabled.

In the event you do get stuck, there are various private loan options out there to help you accomplish the third R if the bank or conventional lender simply says 'no' for any of those annoying reasons that do not fit FNMA guidelines...To answer your question directly, income is a very important part of those FNMA guidelines. 

Was thinking series LLC would simply everything and keep costs down.

Just simply listen to podcasts, read books, and attending local REIA groups can help out in so many different ways.

If the renters did get refunds simply tell them you need the security deposits given to you before the first of the month.

Simply say HELOC is for house improvements & leave it at that.   

Of course, the past is no guarantee of the future but, as this example illustrates, fortunes can be made by simply postponing gratification for a little while.