Check with local banks and credit unions to see if their program parameters are a little different.Also condominiums are "condos" not "apartments".

In today's climate it is hard to raise capital so recess from that program include lower management fees, back end split and include a preferred return.A preferred return is NOT a guarantee.

For the past couple of weeks I've soaked up a bunch of information regarding wholesaling from various sources (including BP), but I'm still confused about purchase agreement contracts/assignment contracts.

The entire point of the acronym involves an individual using programming techniques and content placement to structure the semantic "flow" of your web site's data.

As Jon has pointed out, there are banks/credit unions who have CRE loan programs for loans in the 500k and below category.Your income and credit are good so that won't be an issue, but your inexperience as a landlord could be a problem for some lenders.

In 2 out of 2 tenants w/ sec 8 they both were kicked out of the program.

You lose:- benefits (such as medical) which are costly to get on your own- a source of recurring funds- some ability to get lines of credit of loans- ability to qualify for various loans at banks- a lot of your ability to get back in the job market several years later, if you change your mindIf you do, make sure you have a large cash cushion in the bank.

I know they use it for lending under Harp and other programs used to refinance.

My husband and I are apartment dwellers in Los Angeles and do not own any property, but are looking to purchase a rural foreclosure as our own "vacation" home - we found a place we like, just listed, subject to Fannie Mae's "First Look" program, which stipulates owner-occupier only.

Have a similiar situstion with credit line at prime but remember when it was 8.5% not all that long ago.Credit lines are best used as a back-up source of funds and not for long-term.When your credit line expires apply for a new one.