Rehab and holding was long and expensive but NOT in any way painful or stressful.I did not like the utility bills or the vacant property insurance my mentor recommended I purchase, but I could easily afford those expenses.

Time to go for it and grow my network.I thank everyone in advance for the mentoring, networking, and general assistance.

I am in the Dallas Texas area and am seeking a mentor I don't have much as far as finances goes an I know beggars can't be choosers but I am not begging I am choosing to ask for help.

The loan program they quoted you says it only allows an 80% Combined (first and all juniors) Loan To Value.  

I've met with a mentor and he's advised me to actually get out and start trying to find myself a contract. 

I'm not required to do everything a PM would be doing in the real world, I'm getting to learn on the job, I can use the land lord as a mentor on the process, and I'll have time to work out my systems in the next couple months.

One which delves into the person's prior relevant experience, their relevant educational background (be it reading books on the subject or helping a mentor), their long-term goals and general business plan, and what they're looking for.Sadly, the majority of the inquiries are from the first three categories - rarely is there one with enough common (and business) sense to communicate what's relevant.  

That experienced landlord may turn out to be a future private money lender or mentor, the other investor who just purchased a foreclosure may not have the knowledge to find off-market properties and could turn out to be your best cash buyer should you decide to wholesale some of your deals.  

I have reached out several times looking for a mentor as well.

The bunch of new townhomes there, then the ones just south across the street off of colonial drive, and some down by Orion junior high.