On the other hand, places like Quicken Loans have some attractive options but their fees are outragous.

And give us a brief summary of the book (I have a need to pick up a book and want first hand input), I know I should go to the proper forum but hey you mentioned you were going to get a book and I thought why not!

But I was told by the developer who is a friend and told me to get my hands on some land around it.

On the other hand, if you would like to make your land available to hunters and you're worried about lawsuits, talk to your local hunting guides.

If push came to shove and they really only would do the deal with cash in their hands then I would pay them after I made a profit.

If you do not know anyone in your area personally envolved in the rental business I would find someone who owns multiple rentals and offer to take them to lunch.During that time I would let them know what your plans are, and ask if you could do some work for them in exchange for a hands on education about the rental business.

Learning first-hand can really influence the direction you'll take.What do you do for a job, if you don't mind my asking?

If you want to lose the house, you can try to work a short sale or have an experienced investor work out short sale for you to take the house off your hands.

I hope one day I can lend my hand for help to you as well as you lend yours to me, thanks for your time and have a wonderful biggerpockets day!

Two things.When creating a partnership no matter how you legally wrap it up consider what happens if someone dies, gets divorced, is sued for something unrelated, is injured if that person is hands on, etc.