You are selling a concept.RE sales are all about selling concepts, you sell the concept and the property sells itself. :)

I am not sure how the lender would know about the deal if its basically just renting and a separate option to buy.

It is rather broad, my question, but basically I am asking if it would be a wise idea to use my money to acquire a home and live off of my student loan money (which i can accept up to 50-60k if needed.

Most of the competition believed in the concept of having as much debt as possible.I later sold all the properties to a single real estate investor who had few years experience in the business.

The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.

(Great read for holding properties) Anyways while alot of these spreadsheets give you the basics you definitely have to adjust them add in a few lines that might be missing.

They basically told me that they really don't care as long as I double close and stay on contract.

For a novice investor/wholesaler, I am curious to fully understand the concept of the 70% ARV rule.

Basically just say _________________________________________________________________"Invester Special...MUST SEE!"

I really need a basic financial education, and I am unsure where to get it.