Once again thank you for your time and assistance.

Our dad is no longer living in his home because he is in assisted living.

That is if the ppty is appreciating FASTER than the cost of funds.If you're borrowing because you think it's a "tax break" you've fallen into a trap.

After all, they don't want to spend time finding you an investment and have you turn around and buy it from someone else :(A Real Estate Professional in the area you are considering can assist you with the following:Find properties in your price range - They can help you find REO's, Foreclosures as well as listed properties.Investment Strategy Information - When a real estate agent knows your investment strategy, they can offer alternatives and may even direct you to an investment that you haven't considered.Financing - Real Estate agents can assist you with obtaining financing.

The reason for non recourse is that the property qualifies for the loan and not the borrower.

Anything over 100% is paid by the lender to the borrower.

All of the "free credit report" sites I've looked at seem to be scams that want you to join some service.Also, I have a very high paying part time job right now that I pretty much lucked into but am thinking that it would be a good idea to work in a real estate office or mortgage company or as an assistant to a real estate agent or something like that while I finish school so that I can learn as much about RE as possible in the next couple of years, but all of those types of jobs pay about $10-$12 per hour and I'm making $20.00 per hour now.

As a co-borrower or anything that can be suggested where his credit has some value by virtue of being able to get the other partner a better loan.

My personal home I had built 3 years ago for $258,000 I just did a refi and value came to $485,000 I borrowed $110,000 and using $69,000 of that as the down on this duplex.

Yeah they are in it to make money and loan after loan...but I see alot of lenders closing shop too because they made bad loan decisions extending credit to borrowers who really were not ready for home ownership or being an investor.