I imagine either would work if they have the contacts and can secure credibility and qualify.

Most potential buyers will be qualifying for an FHA purchase becuasee they are the easiest to obtain right now.

Aaron Norris wrote: We can ask they get pre-qualified with our lenders to protect ourselves from pointless transactions but that's about it.Aaron, who are your lenders and do they have seasoning requirements?

Barring that having someone who will (do good) work cheap, on the things that are withing their skill level can accomplish the same thing.Even though I lived through the high inflation of the 60s, 70s and 80s I knew that CASH IS KING and paying interest in a sucker's game.

If you will Pre-qualify with lenders beforehand they may call upon you sooner.

Yes, if you qualify, HUD's Federal Housing Administration (FHA) offers low down payment loans.

You give us all great ideas, and inspire us with your skill.

A fair market value is what a particular property should sell for in a reasonable period of time when exposed to qualified buyers.

Doing real estate is a real job that requires real skills and a lot of knowledge and common sense especially when the market is normal or slow.If you don't plan on truly understanding how this business works I would suggest doing something you do understand.

And by the way........ the main reason why so few investors go after commercial real estate, and that might include yourself, is that you're not convinced that you would qualify for commercial financing !