I was thinking it would be a good idea to put all of these questions into a form that could be used to help investors, better define their investing goals, and to also help those of us who provide services to these investors, better understand our client's goals.I checked the forms area on BP and I didn't find any such form so I figured I would start this conversation and get as much input from the BP community and then I will create the form and post it to the forms section.I'll get the ball rolling with a few questions (in no particular order) that I always ask:What experience, if any, do you have with real estate investing?

Hope everything goes smooth for you as you wait for the cash flow to start rolling in!

Enabling you to pay off your mortgage and own a large asset with high rent rolls.

LOL.But back on RE.. wholesaling has a failure rate for those on BP who think they can do it of probably 95% who try.. the only ones that make money are the vendors who sell them lists yellow letters etc.. this is a very tough business.now if your in the rust belt this could be different because its more like the used car business and there is cars everywhere, I could roll into Detroit for instance tomorrow with a few hundred K and buy 30 houses in a day NO PROBLEMO. so its somewhat regional as well..

It requires a min 1 yrs OO, min 3.5% down and have a monthly MI.With regards to the FHA 203(k):Pros: You can roll rehab costs into the loan, up to 50% of the purchase value.

Hoping to get the ball rolling with the next several weeks. 

Is he capable of rolling up the sleeves and working on this unit, ie painting, cleaning, demo, etc.  

Get the permits and do the $6,000 job and have your lender roll into the loan.  

The arrogance never ceases to amaze me.

The terms on the seller financed portion has a 3 year balloon but the bank has agreed to roll that into their loan automatically in 3 years to ensure I don't get stuck not being able to pay back the owners.