The key is to buy right, manage properly, and to not over-leverage. 30% down is a very, very safe play, especially when you buy at a discount giving you even more of a cushion.

FIVE FACTORS Payment History = 35% Debt Ratio: Balance/Limits = 30% Length of Credit History = 15% Types of Credit = 10% Number of Inquires = 10% FIVE SOLUTIONS Remove the "Bad Credit" "Rapid Rescore" your existing credit Add a "Seasoned Tradeline" Add different "Types of Credit" Remove "Inquires" The point is that even if you are successful in disputing negative items off your report, you are still only affecting at best... 35% of what makes up your score... make sure you address all 5 factors.

I just wanted to post a quick follow up:I went to the city council meeting tonight and it turns out the letter was fake...the city logo was not correct and it was not signed properly according to the cousil.

And would you NEED to have your own title company there in order to close or is it sufficient to use the buyer's title company to wire you the balance of the fee?

They insisted that Freddie and Fannie buy mortgages that didn't have proper underwriting, thereby lowering the underwriting standards.

I'll tell you from my expeirence that it sucks overseeing contract work but if done properly you will probably save a ton of coin.If you have never done it before you will pay a lot of money and make a lot of mistakes, but you will be confident on the next job just not this one!

I do have extra cash I could use to pay down the balance to get to a more favorable cash flow/or at least help to increase the amount of principle paid each month.

The balance 50% is your net operating income (NOI).

My contract has a space, if you will, for me getting paid a fee/commission from the option $ out front + the balance of my commission when the option is exercised through escrow.

If marketed properly just having a few buyers on your list will work but you will need to prepare a marketing strategy if those buyers don't like the product you have to offer or they are tight on funds.Robin