Are there any restrictions or rules I should be aware of?

Also, some of the best deals for flips cannot be financed (houses from wholesalers, or houses in very rough condition due to lender restrictions).2) Make sure you have a accounted for all expenses like purchase closing costs, fix up with buffer, holding costs like utilities, taxes, insurance, costs associated with borrowing money, selling closing costs, etc.

They need to be restricted, their credit cards should be taken away and only then they will know how to conduct themselves.

what's going on @Greg Joseph, welcome to the BP community, like yourself new investor as well sponging as much as i can, started my whoelsaling campaign and its going great so far, eventually id like to find a fixer to rehab and rent for long term monthly cash flow, all the best and lets not let @Rocky V. make all the money!

Yellow letter campaign.

Account ClosedThat's good to know, are international students restricted to living on-campus?

I find my own deals through mail marketing campaigns and drive for dollars.

Banks won't let you assign, and many have deed restrictions today.If by foreclosure you mean short sale, then the same caveat applies except worse. 

Basically ... the federal government has overstepped their bounds and put way too many restrictions on home lending.

A better source than myfico for results based study of Fico effects is creditboards especially the stickied Master topics. myfico forums are a bit restricted in discussing certain things as they are owned by Fico.