From Fair Housing--It's Your Right In the Sale and Rental of Housing: No one may take any of the following actions based on race, color, national origin, religion, sex, familial status or handicap: Refuse to rent or sell housing ...Perhaps "source of income" is covered elsewhere, but its not a protected class for federal fair housing.

Proof of funds is only used to show cash in the bank.A private money lender should issue you a preapproval letter stating you are preapproved to borrow $xxx,xxx.xx which you would submit with your offer along with proof of your own funds in the bank that will be used for your down payment (assuming you're contributing a portion of your own money).When the lender makes a private money loan, they will typically "fund" the loan into an escrow account or trust account (however it's done in your state) after all loan conditions are met, and it will go directly to the seller.

I will also add that your lenders must be very, very green to have agreed to be in a lender position with such a high LTV and that many senior liens above them.I would advise that you clean this up and have a reasonably LTV and not 9 deeds of trust against it.

@Travis Fisher Sure consider from The Wealth of Nations.'

Additionally, when you are ready to make that first investment, you will not have to blindly trust an agent to help you find the property.Don't get discouraged!

@Marcus IsaacWhat you've got there is a possible one of the first post war style neighborhood, and maybe a "National" home which you can find in every town through the Midwest (I'm in Indiana, so I'm not sure if the same goes for New England area).

I was very lucky to find a backer that trusted me!

The good buildings are mainly owned by REIT, Real Estate Trust and owned for more than 20 years and the investors are lawyers, doctors and business men that are not hurting.Filipe

If you ever need me to do any drive by's to look at them let me know.Also I you ever have title issues let me know, the Wife works for a national title company here in Michigan

I had a few trusted mentors that would often tell me things that I didn't want to hear, but I listened to anyway.