First always seek legal counsel with an attorney:ask them the pros & cons of some of the following:1) Debt: secure a loan against the property you receive interest payments.2) Equity: record an option to buy the property (ex. you have the option to buy the property for $115k for a specified time period.3) Purchase a partial ownership interest, ex. tenant in common ownership of 50% of equity4) combo equity participation loan , you share in the upside equity.

Take it happily before they change their mind, as while I would also give 60 days notice in such a situation, I would certainly not give double security back.

So it would be pretty common for you to wait the one year only to find yourself looking for anther tenant anyways.

Not allowing wet over dry renovations is very common.

You will need to use hard money or a private lender.Obviously each hard money lender is different, but a common loan structure: they will loan you part of the purchase price and loan 100% of rehab.

I receive postcards and mailers from realtors offering 1% on the listing side quite often.I've also had realtors offer to kick me back part of their commission on the buying side as well.So I know this is starting to become a fairly common practice at least in my area.

Thats more common on the sell side than the buy side.

There are different types of “audits” of which by far the most common is just a letter asking something or other.

I've spoken with a few lenders locally and I've noticed that they've had less of an interest in helping me when they find out that I'm 19, don't have 2 years of history with the commission, and don't want to give them my social to begin qualification.

You also notice a sense of pride for the community.