Also, handing out contracts can be construed as practicing law without a license, so some people may be a bit gunshy.Now, all that being said, remember that a contract is merely an agreement between parties.

If this is so, wouldn't you look at the value of the improvements only when pricing out the cost of replacement since you can't include the value of the land in this equation?

If so, what are the cost of those improvements verses the increased value and rent?

The lease to own was a shady deal and we always paid our payment on time and improved the property.

Too many OB-GYNs aren't able to practice their love with women all across this country."

I would say if that's your car in the picture, perhaps selling it and getting something a bit more spartan would also go a long way toward improving your "proven liquidity".

None of this is your agent's fault and dealing directly with the REO agent often will not improve things.Good Luck,Mike

That is certainly not practicing diversification!

Was planning on building this unit using modular to keep costs down.Trying to stay away from banks at this point as I have grown tired of their lending practices and requirements.Are there other ways of financing this type of deal?

I know I will get others to argue that paying all cash and owning property free and clear is the "safe" way to invest, and improves cash flow, but it also eliminates the power of leverage which is one of the greatest tools in RE investing.The key is to not over-leverage and to buy correctly.