Hi,I am totally new in this field and I am not an investor.My landlord is an investor and from him I learn few words like foreclosure etc.so I started learning and now I am at a point where I know few things.

In other words they would allowing only a certian amount(percentage) of the units to be rentals at any one time.

The key here is that you NEVER take the tenant's word that he has done so.

In other words, if you know that they bought it at 42K, they paid too much, don't make the same mistake, don't be the bigger fool.

Pictures and financial examples speaks a thousand words.

The first sign of someone disagreeing with you is met with words like "WRONG" or phrases like "WE HAVE BEEN OVER THIS A THOUSAND TIMES" or some such.

Stated income is just your word that you earn X dollars.

In other words, why would anybody buy a property through a wholesaler and pay them a commission if the investor could've just as easily found the property themselves by looking on the MLS?

I decided that word of mouth would keep people away and elected to pass on the deal.

In other words they will check out the details and make sure they know what is presently on the title and what they might mean.You can then bid knowing where you stand with respect to the title.I expect you can do the same in eastern states where lawyers handle closings but title companies offer the insurance.John Corey