@Dan SimpsonMaking sure that the tenant buyer gets the mortgage within three years is not an easy featThese are my steps that are used to be able to get the tenant buyer properly funded with a  mortgageNumber one I prequalify the tenant buyer on a 1003 universal mortgage applicationI'm looking for 43% of debt to earnings ratioThen when I do is I have but tenant buyer prospect  go to FTC.gov and type in free credit reportI have them hand me the report to look at and then I have them email that report to my credit improvement company in TexasThis is not a credit repair company that just contests negative marks like Lexington LawThe person that runs the company has a huge amount of underwriting experience with FHA and conventional mortgagesThey will charge $50 to look over the report and spent 30 minutes with them on a plan to improve their situation and get financedIf they want to hire that company, it will cost $200 to set up and $100 a month over 4 to 6 monthsNow in cheap markets for the houses are 50,000 to $100,000 in ARV, that might sound like a lot of moneyIn markets 200,000 to 1,000,000 that's a cheap cost to get qualified help in mortgage approvalI think most mortgage brokers will not spend a lot of time with people who need rehabilitation in their credit reportsHaving a credit improvement specialist give an honest opinion upfront that is not doing the mortgage origination but has eight or nine years experience in mortgage origination I think is a valuable first step for the tenant buyer prospect

@Mark NolanI have a self-directed 401k and that is an option I would consider for the right opportunity.

 Thank you @Mark Nolan and @John Huber yes I love BP, I've been checking the podcasts, set up alerts, and signed up for the next webinar.

Once these 2 remodeld homes are rented, and equilibrium , established, I would either rent the remaining spaces to other home owners or buy and rent more homes to fill these spaces as the marked demands.  

Khila,I agree with you, John and Mark...A duplex is a great way to get started, that's what my kids will be doing!

Hey @Mark Price Did you ever pull this off?

Originally posted by @Mark Nolan:@Henry LesnickThe following link lists the types of investments that are not allowed in an IRA.http://www.irs.gov/Retirement-Plans/Retirement-Pla... 

Originally posted by @Mark Beekman:Is the 6 month seasoning for a new appraisal and cash-out based on the assumption that there was an appraisal at purchase?

The mark of a successful investor is being able to manage those problems in stride and work out solutions that are profitable for everyone. 

@Mark Nolan Thank you, I look forward to making the new connections.