I guarantee, you'll want to listen and send this to others that think there rae only intelligent people are out there.

you seem to have confidence in these tenants...would you guarantee teh rental income for the first 2 years??

I guarantee you that you will learn a lot from your experience, you will feel more confident talking to sellers and buyers, you will know what buyers are looking for in the area, how much they are willing to pay, plus you will add at least 10 people to your buyer’s list and if it’s any consolation, you are better than 95% of people who spend 1000s of dollars on seminars and courses and do nothing.

Totally different story in my market.Here is the way I look at it... with FHA guaranteeing almost 70% of all mortgages it doesn't make sense to artificially limit the number of potential buyers.While FHA requirements can be a pain... as mentioned a lot depends on the lender, I have found that those investors who adjust their business approach to deal with FHA buyers are making more then reasonable profits... quickly.Best of luck!

Instant Guaranteed Approval.

I learned today that on rare occasions, brokers will guarantee the borrowers loan for the bank in an effort to push the loan through.

This would ensure the investor who bought the property a) has guaranteed income, plus overage, option $ and a we would even be willing to put down a security deposit.

Like you say, no insurance or guarantees, but the ones I've seen usually give your the current state of the property.

But if the entity is a limited liability entity, then a negative net worth for the business will not flow through to your personal balance sheet except under specific circumstances such as personal guarantees, stock that is not fully paid-up, etc.

You will have a better chance if you have some proof of funding already in place when you place your offer.But there are no guarantees unless you are willing to outbid all other buyers.