What they can do is "book" 80% to the real estate loan side and 15% as unsecured loans and probably making you believe you're a very special customer, actually, you would be to get that.

:) Then start prospecting for your first deal.

That way if everything goes to hell, I know I won't be moving back in with the parents.Maybe it's just my area (Midwest) but I find it hilarious that the prospect of accumulating half a million dollars of real estate in cash is actually easier than going through the ridiculous process of crafting resumes and cover letters, submitting applications online which aren't even read by humans and are usually immediately denied, going through weeks of interviews, and maybe getting another miserable job.

The prospective buyer is responsible for all closing costs, search, survey, including those of the seller.

I appreciate your advise and comments.I downloaded @Ankit Duggal 's financial model and decided to build my own customized for Arizona tax liens investment.Great tips for tax deduction for properties tours.

In my market you basically weed out 90% of the prospective tenants this way which is fine with me.

If I get busy and I have a prospect contact me looking for good deal is Kansas City, I am less likely to jump at answering that prospect right away and focus on the ones that have defined goals or interests.

The next path that I am on is to locate mentors while I prospect for deals, killing two birds with one stone.  

., you need to know the pay-off on the mortgage, if there are unpaid/late taxes, etc. 3) Set appointments on good prospects, then do all the research before we go out - comps, title search, calculating ARV. 4) Fill out the contract with the info we know. 5) Go see the property, talk to the owner, calculate repair estimate.

Feel free to shoot me a PM any time (as a potential partner, client, customer - or local insight into my area, Harford County MD) - likewise, don't be surprised to hear from me (particularly those in the Baltimore area).