I don't have much faith in BOAs crystal ball, either, just asking for clarification.  

Hello everyone! If I find a property on the MLS and the seller is willing to finance, how is this transaction usually carried out? Does the buyer deal directly with the owner or through an agent? If through the owner,...

@Logan Allec & @Dave Foster  Thank you for the clarification.  

Just a clarification - is $200,000 the cash available for the down payment and renovation, or the total property price and renovation budget?

Heres my goals and my situation 1) Im located In NJ, So i need property in that area2) I'm inheriting $94k and am willing to invest all of it in real estate3) I will have no credit as I would have just turned 184) I would like to be making Well into the six figure range per year within 3 years5) I want real estate to be my career, my only Job6) I would like to make at least $1k Per month within the next year.7) Be worth (net worth) $1million with in 5-7 yearsI would like to know if these goals are attainable and what would be my best route to attain them.

Any additional thoughts/ideas/suggestions/clarifications are welcome.

Thanks for the clarification.

Selling on your own is certainly attainable. 

I think it's different for each program and it's best to go straight to your lender for clarification.

If you have trouble attaining those there Is starter credit cards that will approve you.