I do plan to be an active poster on Bigger Pockets and enjoy the inter actions.Regarding the financing - I plan to do my own financing for my buyers - "seller financing" and therefore will need a RMLO to make the financing package compatible under the Dodd-Frank bill.At this time, I really am not in need of a portfolio or conventional lender.Thanks again for thee input!

Thanks for the specifics on elements to track down and analyze.

The lender doesn't want the borrower spending all the cash flow without adequate reserves and then an event happens for which they do not have funds to prop up the property etc.It's all based on the deal after the lender has reviewed the Om package and the operating statements in pre-screen as to what terms they will offer or if they will even give a loan on the property.

Might this note be bundled as part of some other default loan package?

I also agreed to purchase a package of 4 houses for $250k whilst my first flip was still on the market and I could only come-up with $120k.

I too am looking to better understand wholesaling, creative financing, and other elements that will help me take things to the next level.See you around,-Orion

Many available notes being sold from packages are in states least favorable to the lender.

An aggressive tenant may be stubborn however i seriously doubt they'd be able to prove up either claim of right (or color of title) along with any of the five elements required.There may be things to be concerned with when acquiring a property however an escrow with normal tenancy estoppel will avert most tenancy issues.

Distribute Disclosure Packages 32.

There are other FREE guides to specific elements.