Do yourself a favor and stop this non-sense.When you purchase ANY investment property with financing, the borrower MUST have capital to put into the deal.

(old school term/bought sense is better than borrowed) When I started a contractor took me for 5K, Wake up call!!...

Sean I think I responded to fast I didn't mean to write in "fake" , I meant to write in: Is the MLO license just needed for the fact that we are qualifying the borrower?"

The most common options would be renting or doing a lease option/purchase -- but with a hard money loan, you'd be hard-pressed to see positive cash flow and you'd be forced to pay off the loan when it comes due.If you absolutely can't find a way to pay off that hard money loan, my suggestion would be not to borrow the money unless you were practically 100% certain you could either sell the place for a profit or you could bring the money to the table when selling for a loss.

FHA has a very specific process-ATP-Authorization To Participate, where they will appraise the property and set the price prior to marketing, and depending upon whether the borrower is current, among other things.

Your credit score dictates your ability to borrow, and the last 3 mortgages may require a "very good" or better score.

Where he works there is a guy who routinely borrows $200. at some point during the week and pays him back $250. on payday.

If the borrower makes payments you will do nicely with 15% return.

I guess what I would like to know is...what's the best way to tackle this and maximize borrowing power.

@Benjamin O'Brien -- Are you saying you lost money on your deals or just waiting for Realtyshare to figure things out as the borrower isn't paying money?