In other words, spend a few days on this site reading all you can and I'd bet along with buying J's Book you'll learn a lot more about RE investing than you can learn from any guru, whether they want $1,200 or $25K!

I'll bet good money that there are more than a few similar listings on the MLS where financing would be more welcome, and there may also be seller financing opportunities that make good sense that are less risky than financing auctions.

It's like if I have a buyer that has bought ten properties from me and closed every one versus a new guy saying he has all cash and I have no history with him.

Although they might sue you for it first and considering the ridiculous inventory they now have of 1300+ homes, mostly ones that aren't worth touching, even for $1 due to heavy damage and being in areas where the max possible value wouldn't cover the repairs needed, I bet they'll be doing more lawsuits and less foreclosure soon, who knows.

Your best bet is probably to find an older roofer as they are more likely to have experience with slate.

But, an office or sitting area may be the better bet.

Yeah I bet he is!

I'm pretty handy but have never done one before so getting one as close to the same size will probably be my best bet....

Lease-option assignment is where you find a home seller In general he has very little equity but a nice property with no work When you talk to the seller about selling you demonstrate selling with an agent versus lease optioning his house.

But part of underwriting a loan is to look at income versus what the proposed payment will be.