Second, I hope to make some contacts and friends here that I can bounce off of in my search for those perfect properties.

I agree that now's a perfect time to look for great deals.

:shock: i was just saying that we will be here long enough for it to make sense. if we were always waiting for things to be perfect then we would never buy!!

An Unsecured Line of Credit would work perfectly for your situation.

Originally posted by "**********":Very,Very,Very Cool Ryan- and just perfect!

Some people might equate them, but HMLs are a perfectly legitimate business.No, the HML can't "put themselves in the 1st position" in the situation you describe.

absolutely keep shopping banks..in fact, i was in a local bank today meeting a commercial lender...he was telling me about a new investor who makes 200k a year and has perfect credit..the guy wanted to buy an apartment building, but he was overpaying by a long shot..the banker lent the money anyways, figuring the buyer has the capital to back the loan and sustain the loss...different banks look for different things..some focus more on property first then guarantor second..some focus on balance sheet first, then experience..yada yada...find another bank :)

I am not satisfied with my PM, and I thought I found a perfect one, but when I started asking more questions... and I was not impressed.So gotta keep looking.

If they don't, it's perfectly acceptable to go to the seller and renegotiate.I don't have experience with an option to purchase.

@Tom Sylvester - Perfect, I am going to try and make the meeting tomorrow but if not, I will definitely firm up a day that we can meet up.