*Kicker, tenant mentioned that property may go up for auction in august but not sure?

As long as it's single family, you should be able to use a conventional lender.Sorry Mike I suppose I should have mentioned you in my reply.

I know maybe average in various asset classes I have mentioned regarding real estate plus a great deal more about listed liquid assets in the stock market. 

I’ve done business with 2 out of the 3 banks @craig @Craig Boutte mentioned.

As a previous poster just mentioned "doing business" with family can make things challenging. 

Carl,Earnings are tax free on whole life if you reinvest them to buy more insurance.If you follow the Infinite Banking concept, all earnings and policy loans are tax free.Great process and product and as a i mentioned, great for real estate investors!

You didn’t mention what part of Texas, but if you’re looking in DFW, feel free to PM me.

We of course start out by asking for some closing cost to be covered from the beginning.Also, something I forgot to mention above is that we always try and push the comps and get another 5k profit out of each property when we sell.

Hi Chris, sorry if this sounds stupid, but you mention "if you are trying to target owners that are having issues with their mortgages, lis pendens wont help you" I thought the first step lenders do when they are having trouble with mortgages is to file lis pendens??

@Dmitriy Fomichenko Thanks for the welcome, will be sure to check out the resources mentioned above. !!