Keep us updated on your journey!

I bet you are getting really excited.

The good news is almost all never reach the courtroom, but once there your odds of winning would be like betting green every time on the roulette wheel.

Having tenants in place may help with some lenders, but new Fannie Mae guidelines say the property has to appear on two tax returns before they will consider the rental income.You best bet is to find some local lenders and mortgage brokers and have a discussion before you get in too deep.

you need to make sure you have enough circulation/venting or your pilot will not stay lit.leave closet door open and i bet it stays on.a more permanent solution is to add additional venting in the ceiling area.good luck

If that were the case in your area (and I'm betting it's close), this property would have a retail value of about $120,000, less a little for the current depressed housing market.

Your best bet would be to learn as much as you can.

Initially I think buying wholesale turnkey properties is my best bet, get some experience with those, and then get more creative from there.

Jon, I did a little more checking around and it appears the double close is the safest bet for me .

Also, humanize the transaction by sharing the plight of the seller and explaining to them how they can really make a difference is your best bet!