You're going where you don't need to go at all, a sale contract is all ready made for a buyer to acquire good title, free of encumbrances, that would mean that you are to receive the full bundle of rights of ownership unless there are restrictions to title like a utility easement or HOA restriction made of public record.

My point here is that we are flexible and determined to do whatever makes the most sense.Help me: Strategically figure out how to leverage, say $40k into our first few properties - I am familiar with tons of creative financing options but I'm interested specifically in conventional financing using our good credit to get started.

The bottom line is I need buyers and I'm willing to learn whatever you can teach me because I am determined and motivated to be successful at this.

That term, for tax purposes, refers to someone who buys and sells property as a part of his or her trade or business.When doing lease option assignments you never take ownership of the property, so the term would not apply.That being said, income from lease option assignments is considered ordinary income and is taxed as such.

Determine the deferred maintenance, necessary repairs, and desired enhancements.

When I analyze the target market to determine the rent or loan payment, I always factor in this consideration; if you do not make it possible for the tenant/borrower to enjoy life by having enough money for an occasional family night out on the town or a backyard BBQ with friends, they will turn into a landlord hater and take it out on your property.Happy tenants/borrowers are great payers and take better care of the property.This has been my experience.

The processor will have to collect the CC&R, financial and ownership information on the condo complex.

They will average your Net Income over the past 2 or 3 years and that would be how they determine your ratios (Debt to Income).

It is a form of price fixing and market allocation, often practiced where contracts are determined by a call for bids, for example in the case of government construction contracts."

These are the people that can be worked/groomed into giving you some very good deals.Start making a list of addresses and visit your county courthouse to look up ownership (public knowledge).