Once you establish a track record, things will come your way.

As I am purchasing it for a discount and then re-selling it "possibly'' on the MLS to have a wider buyer base, plus I want to be able to control the sell price.Again, if anyone has a good idea on how to structure this and if I am on the right track, it would be greatly appreciated!!!

I'm somewhat of a beginner myself, but you are definitely on the right track by being a part of the BP community.I participated in a BP meetup in Schaumburg last month that went pretty well.

Maybe if you are a property manager and want to track minor per property expenses, but nothing beyond that.

What would impress you, even thou you know the new investor has no track record.

No requirement for true commercial yet).-- Have a track record for Real Estate Accounting (i.e.

The bureaus need to be able to see that you're responsible in managing money and a track record of ability to pay on your obligations.This might come as a surprise, but some of the worst credit I've seen is from the wealthy.

Usually when they're in the house they're also in the yard and can get tracked back in when people are going in and out....it's much harder to eradicate them from the yard when you live in an area that doesn't freeze.

A proper analogy to some of this is, can you stop a speeding train by standing in front of it on the tracks?

I'm actually on the same track, planning on doing my first deal in January.One concern I have is with your best friend's mom as a source of funds.