I am actively seeking out local reia groups to network.

Take care out there.It is a breath of fresh air when newbie investors see that it isn't as easy as it sounds and seek help.

It was bred into the human nature.Besides, 10 Million wouldn't last you very long if you didn't seek a return on your money.

Paying 8g's on my own was part of the reason I'm seeking other more cost effecient ways to learn how to do this the right way.

Furthermore, cities and states are broke all over the USA and are seeking to correct this problem with new taxes and fees.

You could use this formula to determine what price you should use to counteroffer (if necessary):BPO = CMV - BHS Fees - Profit BPO = Best Possible OfferBHS Fees: Buy/Hold/Sell Fees Profit = How much you want to make...To determine CMV, seek out comparable sales data from the previous 6 months for similar properties within a 1/2 to 1 mile radius of the subject property.Regards,Scott Miller

My idea is to advertise a mortgage-relief service to qualified distressed homeowners.

i've been taking a monthly loss for about a year now (i stopped counting the months), and the only relief in sight is a tenant i'm about to take on in august.

Are you seeking a unsecured loan or do you have other collateral you can pledge/leverage?

You will not find a NOO commercial loan program that would allow for the down payment arrangement you are seeking (less then 2%)...If this was a OO transaction---you could potential go 97...If you have seller participation---you could potentially go to 95...Regards,Scott Miller