They aren't getting too much money out of seasoned old investors with rhino hide and big sharp teeth.They aren't nice con men, but they do exist, and because they do exist, people need to take personal responsibility for their own money.It takes very little research to learn how to manage money at a very basic level.

(i'm also thumbing through a book but haven't finished)basically i'm looking at 2 different 3 families Cost is between 160k and 200k what they are asking and where I offer.Rental income is 2900.I was told i could get a rate of 6.25 if I put 25% down, this can be done if I take out a second mortgage on my home.

Might there be a massive run like there almost was on Northern Rock in England?

As far as talking to them...I'd say just for the phone to get the basics (rooms, sq ftg, known repairs, etc..) and when a buyer calls, get the basics also (name, address, email, fax, etc..).

Would I go with a bank local to me (to perhaps start or continue a relationship) or am I basically required to use a bank close to the property?

When you rename the company, you can have basically the same name with some small variation… See an attorney.

You can probably find a basic one in a stationary store.

Sorry to ask a basic one, but I'm still in the early stages of learning the property analysis bit.ThanksJeff

I've found some excellent folks here and I like that I've generally seen people here with the attitude of using information - not just amassing it.

I send people out to basically investigate a property and shuttle paperwork.