So, good underwriting and pricing.Public perception, do you lend to anyone that can fog a mirror for enough money or do you do speciality loans, actually designed and overseen for a venture?

I am preparing bids for properties coming to auction and I would like to be able to send one document to my investor with all the pertinent information on the property.

He is more hands on and does maintenance upkeep, where I focus on lease renewals, handling of rent and tax preparation.

However, our conversation was about being "Recession Proof" now I now I've seen a few individuals on this site talk about this topic, paticularly Rich Weese and others about eventually becoming "Recession Proof/Prepared" for any, and most economic downtursn.

Prepare to rent it again.

If you and your buyer OK with that, and prepared to deal with it, proceed.

You need a special purchase form if there is an active NOD.

In the end, it was well worth it.Be prepared to for some rough nights where you question why you got into Real Estate, why you 'wasted' your money.

There is a property (SFH) I am looking at that has a rental property (2br apt) in the back yard sitting on top of a garage- the entire property is actually zoned as a single family dwelling, but I was told by the owner that because that rental unit/building was built a long time ago, it was grandfathered in as a legal dwelling without special permits.

There are some very successful wholesalers here on BP and they all started out small and worked their way up...find out how they did it and pay special attention to their advise.