I have been reading books, buying real estate investing programs, and perusing real estate forums for the past year.

Avoid things like I don't want to be fat, instead use something like “I want to be healthy. c)The more clarity the better. d)If you knew you could not fail, what direction would you want to take your life in. e)What do you you truly love doing, make sure that your goals are in alignment with the things that you truly love. f)Make a list of goals for each area of your life including financial, family, friends, fitness, career. g)What are 2 things you would like to accomplish in each of those areas?

The only loan program that will entertain such a deal with a 500ish FICO is FHA (Fannie Mae won't touch it), but you will need at least 90 days title seasoning in order for this program to be considered.Regards,Scott Miller

Furthermore, their circumstances and motivation for selling will vary from seller to seller and it would be absolutely distrastrous for you not to recognize that by communicating with every seller the same exact way.It would be the equivalent of trying to fit a square peg in a round hole.

All you need now is to find 10-15 motivated sellers that fit the above description, submit offers based on the numbers you have from your analysis of the property, and since they all are motivated, at least one will accept at which you assign the contract over to your end buyer for the amount you want to make on the deal.

I am sorry, I should have asked if any of you have a simple program that you use to input the numbers in to find out if the property is worth buying, ect..If you do, send me an email, or send a copy of the program attached to the email.

We use it for about 1 in every 5 marketing programs that we do...

I have found a decent book that just deals with these types of properties and covers lots of specifics: Armchair Real Estate Millionaire.From a financing standpoint, there are programs that allow up to 90% financing for this type lease tenant arrangement.

Lowes and HD both arry foam back vinyl flooring that you cut to fit and then lay done without glue.

There are quite a few HML rehab programs that will lend you 100% of the purchase price + cost of repair + closing costs (and in some cases, allow you to roll in the mortgage payments) assuming that the sum total doesn't exceed the ARV allowance of the program.