The problem I foresee is the cash for the rehab is not secured by the property.

It seems like the ideal situation would be to buy land and secure a "land lease" with a tenant, however I'm not sure how I would go about that process.

The new block foundation was secured with re-bar and cement through the center of the blocks and a new 2X6 frame was built on top of it to support the house.

If some off the wall company gives a POF, the local folks may not accept it, they want known depositories or securities brokerage firms they recognize, not Tree Top Finance.

My real estate agent met with the sellers and took pictures of the property, and helped secure an end-buyer, making it unnecessary for me to ever view the home (other than pictures).Other Recent Posts by the Professional Investors GuildThe Role of Fear in Real Estate Investing - Friend or Foe?

My lawyer then does a 2nd position note and security deed when we close and provides us both with an amortization table and payment amount.

Either way, you are responsible for the land but you can take any repair costs out of the security deposit.

Selling stocks, bonds, mutual funds or other publicly traded securities is not considered like-kind property to real estate and would not qualify for 1031 Exchange treatment.

Topic include anything related to landlording, i.e. security strategies, best key system, ways to increase revenue/decrease expenses, and about a million other related subjects.Who do you know in MA or who may be willing to travel to MA?

Require a non-refundable security deposit to hold it for them.