Fannie, who establishes the guidelines for conventional financing, allows a borrower to have to 10 financed properties.

(note that I have no pending deals, it's just my vision of starting)I've been lurking on the boards non-stop the last two days (that’s when I found this place) and am even more of a rookie than I thought.

Hmmm; I stopped reading when I saw "USAA".

Also, when they stop paying the rent, they sometimes sue you claiming that you tricked them and stole their house - NOT GOOD!

Stop the presses!

If you don't have a Real estate club in your area, that shouldn't stop you from meeting others in the biz and building up your contacts.

I didn't have any buyers, and don't have the cash (or desire to borrow) to jump on this deal.

And, that offer was presented to the bank several days after the final offer date at a value <1% more than my offer was for.My agent an I are going to file an ethics complaint against both agents, but is there any way to stop the [unethical] sale to the buyer that is currently under contract?

In all seriousness, doesn't a lender want to make sure that the borrower has sold anything like a 70in plasma before they agree to a short sale?

Accounts over 3 years are good and a longer credit history is slightly better.Closed accounts with no activity likely will stop appearing after 7 years.