Hi :D I live in San Diego, but I am back in my hometown of Memphis, Tennessee now involved in a partition suit I filed against my big Sister on 1/23/08, because we co-inherited our childhood house from our Mother who passed away in 12/2003.

Thnak you for the input Wally..I have another question for you all..My father is interested in getting involved in this me.

I have been involved in numerous joint ventures as well.What is your area of real estate interest?

Buying a property, although a little more involved, is not much different than buying a car.

I am not working with an agent right now but I have a few agent friends if I need to get them involved and the house is listed with an agent.My request is for an offer letter example.

--- I have been closing for ten years and heavily involved in REO, Foreclosure, and Loss Mitigation for five years....

The WaMu appraisers seemed to purposely take the lowest comps into account.Main problem is most of the comps on the MLS involve investor transactions, REOs, bank sales, or some other type of motivated seller.

If the prime rate was to climb a few points, I am willing to bet all the banks will jump back on board.I have not had a problem with my HELOC from my credit union to date (knock on wood) and they seem to have the lowest rates, lowest fees ($0), and the simplest approval process.

It may also involve getting a second or third job, offering to work for free to successful investors or moving into a less expensive place.No one said it would be easy, but if this is what you really want, you can succeed, you just have to know your why, and start putting the pieces in place to get to where you want to be.

A competent Property Manager should definitely be involved in developing the scope of work, especially if the investor is inexperienced.