Conventional conforming loans last time I was involved was 28% of gross for PITI and 36% for all payments combined.If you gross $90,000 that is $7500 per mo and 28% is $2100 PITI.

You need to get an attorney involved.

I'm sorry to throw wet towel on this prospect but as I've mentioned before, some of the best deals turn out to be deals that you never got involved in.

He wants no involvement in acquiring, managing, rehabbing, etc.; only a return on the investment.

& thanks, maybe next year I'll look into what's involved in a RE license.

If I just do it, what are the odds that they accelerate the loan?

You would increase your odds of collecting rent, not garauntee it.

I know that with wholesaling a double closing can be done because cash is typically used but how about when banks are involved.

Then take the address of the particular home and research it on the county website.If the owner address is different than the actual property's address, then odds are, you've found yourself a cash investor.

Don't get overwhelmed by the number of groups here . . . jump in and get involved in those conversations that interest you and ask anything and everything you want to know about.