Now after a year once you've met the requirement then you can move out if you'd like.I wouldn't worry about the interest rates right now, no one has a crystal ball that can tell where they are going and when.

Certainly don't want to have a stress ball on my hands for 5%.

If you have to wait for them to find you the deal, get you into the house, then write up the offer you will be behind the 8 ball on a "Hot" deal.If you don't have or want to get a license then find properties on Redfin, or Realtor.com, or Trulia, or Zillow or whatever and call the list agent to see it.

There are a lot of balls that need to be kept in the air.Sharon is correct as far as talking to brokers.

The biggest thing was I knew this guy was motivated so I low balled him on the first offer for all three around 24K- being 5, 5 and 14. the house I originall wrote about was a 3/1 while the other two were 2/1s.

However as you get closer together they will eventually reveal their actual MAP.Do not be afraid to submit lots of low-ball offers to find where their true MAP is.  

Banks & CUs are not in the business of owning property.Of course that is not to say that a financial institution wouldn't exercise their option to call the loan due.This is my personal opinion and not legal or financial advice.

at least your realistic on your returns and are keeping the ball rolling.

It seems you've got some experience in the past that will make it much easier to get the ball rolling in the business today.

Congrats on getting the ball moving . . . and definitely pay attention to the advice from J above.