Search for home(s)Find the one you're ready to move forward on, based on lease rates and the condition of the propertyConfirm with lender that you can buy this value house based on your income, debt, and the lease ratesIf you get the greenlight, write the offer.Offer accepted = you're under contractUnder contract = do your inspections and get ready to give the lender a LOT of paperwork :) 

I've started the process of gathering the paperwork for the local housing authority to have rent payments redirected from the seller to me, but it takes time.

There is a lot of paperwork and a lot of hoops to jump through.

Additionally, having a team that understands the nuances, paperwork and process is a requirement.  

@Ryan Martin You can ask them what forms/paperwork they want to use.

A pre approval shouldn't take more than a day unless you are trying to get the paperwork through an underwriter to be able to make a non-contingent offer.  

Syndication legal paperwork could cost you $10-20k, so be ready for that.

Hi we are selling our house and closing is tomorrow but I got the final paperwork and I thought we would walk away with more than just 2k.

I prefer to default to the Facilitator status, or Transaction Broker, where you are not representing either client, but guiding them through the process of buying and selling, handling paperwork, and coordinating with other 3rd party providers (home inspector, title, escrow, etc).

Not only can they help you get a great price, but they will help you understand the paperwork and closing process as well.We hope this blog has given you some helpful information to get you off to a great start flipping houses!