@Ryan EllisAn assigned Lo agreement Mortg brokers don't likeI enter into a Lo agreement with seller w letter of intent to assign and get a fee from tenant buyer, then record the option, then charge an option release fee to buyer, keeping the same terms, option release fee is NOT part of original option, buyer needs to qualify w their own saved down paymentInterview a few mortgage brokers about FHA Mortg qualification 

@Sean Murray I am a UoR alum as well and agree the surrounding neighborhoods would make decent rentals - save for the ones directly south of campus.

This is an easy way to pass the coursework as it is open book and online, but I don't think it's the best approach to prepare for the license exam.  

An ounce of prevention is worth a pound of cure.Do your due diligence up front and it will save you a lot of grief and $$$ later.

Online leads?

Otherwise the cheap option is using a website online with the attorney going back and forth answering your basic questions.You might could see an attorney local  in person for 200 to 300 depending on rates for the area and bring all your documentation.

And think of all the time and energy you will save if you know up front.

I can save up money for another down payment but that may take some time.

I'd like to do this online and would love to chat with anyone who is already doing it or just starting out like me.

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