It will depend on your credit, income, tax returns and ability to repay the loan and what will secure the loan, and you did not say how much of your cash you are putting in the deal.

She does not have the ability to work as an actual agent, however.I'm still a bit confused as to exactly how it works, so that was my best attempt to explain it.

I need to have the payment they make each month on their mortgages reported to at least one of the credit agenciesI need a servicing company that has the ability to report the history each month to one of the Credit agencies.

The original bill would have essentially removed the ability to do LO's.The final bill was highly amended, but so many of the rumors that are still out there are based on the original bill.

I WANT TO BE ABLE TO WAKE UP LATE AND WEAR FLIP FLOPS EVERY DAY ;)I figured if I have the ability to do that, the rest is probably doing Ok..

I don't even know what CAD is......When the county recorder has a good, up to date online index, then I can use that combined with my ability to get actual docs from my title accounts.  

I have no special skills, ability, knowledge or expertise. 

Your intentions to cover the debt are really irrelevant and in some cases are beyond your ability to control the situation.

Either you will buy it, or you will assign it.The reality, by your own admission, is that either you will find someone to assign it to, or you will walk, because you do not in fact have the ability to purchase it yourself to use as a rental.The fact that you said this to him, and that he knows his stuff, is why you were asked for POF.  

 @Kathleen Miles I will preface that I assume you are referring to the wholesale model where the Wholesaler gets a property under contract to assign to another buyer with no intention or ability to close without finding an end buyer ?