I'm willing to work on sites, do office work, run errands, whatever I need to do and learn along the way.I'm a recent graduate from Florida State University with degrees in Classics and English, was on the Dean's List every semester, and am currently working from home as a webmaster/web designer in the marketing and sales department of a local travel agency.

When you get into big money things are political, let's not be naïve.While I like the regulatory approach of the CFPB, my concern is more to closing the door to entry into the mortgage loan business.

Save it.If you can't live within your means and save money you will always struggle with finances no matter how much you have.That said, here are some approaches starting outPartnersPrivate lenders (friends and family) Hard money lendersWholesaling (can be done with little money but it is hard work and hard to develop a consistent income)Credit cards - Risky but I know people who got their start that way.

Whatever you do, I would use a shared approach to covering the added cost to keep the tenant on board with the idea that she is responsible for reporting any problems to you as quickly as they come up.

You will get reasonable good input if you approach the subject properly.

Being as they are my parents they would more than likely simply loan (no interest)/give me the money, but I want to approach it from a business standpoint A) to show them they would get better returns than just sitting in the bank and could be great supplemental income for retirement years and B) I'm not looking for a handout but truly trying to learn how to structure deals for private money in the future.That being said those of you who have partnered/joint venture would you be so kind as to share some of your different agreements?

I am constantly approached about it, but I specialize in helping sellers.

Many times folks try to make a NOO a 2nd home designation but when it is too close in geography, like on the same street and does not possess any significant attributes to make it believable, the home will be considered NOO for underwriting.

But many of or much of your core business docs can certainly be used over years of dealings but you do need modifications from time to time.John Chapman is giving good advice, you need to see an accountant starting out, the proper designations for tax purposes is very important. :)

I’m asking because I’ve been approached by several wholesalers asking me to sell the house for not much more than i bought them for.