You could back that idea up with about a semesters worth of work and execute and or go the Jay route.

Here’s the scenario I’m thinking of…I: Buy $55,000 property for $30,000 cashPut $5,000 into rehab and closing Qualify and place a tenant buyer, execute with the tenant buyer:1. lease agreement (2-year with an option to extend)2. option to purchase agreementCollect a non-refundable 3% - 5% option fee from the tenant buyerSell the “lease option package” to another investor for $45,000.

I personally am a private investor and also Executive Director for Lifetime Trust (a 501(c)(3) charity, working with affordable housing, and is just starting to get active with real estate.Feel free to say hi or connect.Martinweb: Lifetimetrust.org

I assume you're trying to learn about financing before you enter into a contract to purchase the property and execute a note and deed of trust?

If executed properly I think either scenario might work.

I think most of us would love to be the rehab deal finder and execute the deal all the way through to the bigger bucks but it isn't easy in every market, it takes a lot of skills that most new investors do not yet have, and long distance investing requires a super team that knows how to benefit the needs of their clients.

@Melody Jenkins Apparently, that deed was never recorded when it was executed, which is a common mistake made with transfers make among family members.  

@James Wise  I seem to recall from my high school history lessons that those that got rich in the California gold rush were not the miners but those that sold the mining pan's hardware tac and other services to those that wanted to strike it rich.. ( now to be fair I went to high school in Cupertino CA and we learned CA history)...I have no clue on this system or this individual however its just a general comment that while folks can and do achieve great things in RE its generally folks like @Christopher McClatchey  who have formal education means ( which is important) and ability to execute that get rich in Real Estate..

I am new to the game and by no means any expert, but I don't think you'll find an easy way to beat the competition.From what I have learned on this site and others, it's a matter of implementing whatever marketing campaigns you choose to execute and staying consistent with them.

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