:roll: I had a handyman for repairs I couldn't do, but I did rent collection, evictions, lock outs, all the bookkeeping, etc....But I also had a 2 year old drown in the pool of a rental I was managing.

It's not absolutely necessary if the title company knows whats going on, but I'd do it either way to lock it up.

I would suggest you start there FIRST.There is not much worse than locking and loading a great deal and having nobody to sell it to.The task of building your buyers list can take place on weekends and after hours on the net.

I found partners with cash and other partners with credit - I did all the work and split the profit 50/50 until I had enough to work on my own.A lot of those guys also talk about a sub2 deal - where you find a distressed homeowner who needs to sell and you lock up their home on a sub2 deal and then you do a lease option with a buyer or sell to an investor and you make some cash in the middle.You can search sub2 in this site for lots more info.But yes - it can be done - but as others have said not the easiest way but a way lots of us started out.

Plus, you are the one that is basically locking it up for them to take advantage of the great deal they are about to purchase!

When they lock you with low interest and once your balance go to the point where you cannot pay it at once, they jacked up the interest rate.

Here is how it would work: You have a Bof A short sale and can not get the 30 day removed, you have the A to B contract locked up and you already have an end buyer (B to C contract in place), I see all the docs including the short sale approval letter, the title company info(I can provide if you don't have one) and the end buyers funding approval (if not all cash).

Change the locks the minute they are gone.

I also need to know if tenants are on any sort of locked in subsidized rents.

I expect them to close the seller and lock them up and assign the deal to me where all I have to do is pay the wholesaler his fee and perform on the deal.