They were interested in the deal, and I wanted to get it done.They proceeded to get the project valued using a pre-construction appraisal (which indicated positive equity of about 10% on our first project).  

I have a local mentor who is busy and has offered to help, but he prefers I do most of the research first (which I think is the right way to do it).After finding a few of the wrong lenders and running through many scenarios we have a pre-approval where my husband and a friend are on the loan.

Speaking of which, anyone having any luck using Zillow's pre-forclosure stats?

Pre foreclosure?

Let me know if there's anything I can do to help you get rolling! 

I am pre-qualified, and currently on the prowl for my first property. 

Purchased a property in Miami Fl, cleaned it out and got it ready for a rehabber to purchase.  Purchase Price 87k, fix up 4k (clean out and put tarp on and repair stairs for safety)- then put on the MLS for 179k.  Got...

I wanted to clarify that it will not apply in your situation as Roth IRA funds may not be rolled over into a 401k plan.

Thanks & good luck with rolling your pen here too,Naveen.

Pete- obviously it's up to you, but I love having my own access to MLS.Not sure about your area, but between taking a pre-license class, state test, etc and then paying to join your local association and pay MLS dues, it could cost you $1,500-$2,000 or more to get started (at least in Florida).The nice thing is that you can set up a daily hot sheet for whatever area you desire that will show you all the newest listings and price changes.