Its a long road.Based on your post, I'd recommend finding a regular job in the industry, something with a traditional salary or hourly compensation, and saving up.  

Also, you want to do local research for your area so that you don't overdo your rehab, but remain in that "sweet spot".  

In the days of linkedin, instant credit check, quick employment and salary verification (even IRS transcripts is going online), I think I have to start accepting VERIFIED tenants on the spot so as to not leave premium money on the table.

Go all in or don't do it.   2nd, make sure you have your financing or cash and ready to go on the spot.  

Thanks :) Mission StatementMy mission is to create a portfolio of cash flowing single & multi-family properties while conducting my business practices in a manner worthy of the Lord Jesus Christ.There is no industry outside the kingdom of God.

I have 2 years of experience in the Northeast Ohio Real Estate Investment industry so if you have any questions or just want to connect please feel free to message me.  

It also turned out that some investors take advantage of the fact that you're in some kind of a bind and just throw absurd figures for the hell of it.Bob, you're spot on with what I had in mind.

Each of your posts/responses were spot on...many thanks for your help.  

The buyers are living in the home they intend on purchasing, and working on qualifying for that loan as soon as they can (but they can't obtain financing right now because they're self employed, new in job/area/industry, or need minor credit repair before they can get a loan).Any lease option investor that doesn't embody the mantra of this, will fail miserably, and quickly.

In my almost 30 years in the real estate industry with a focus on PM I've served a ton of notices, but only had to send the file to Todd 5 times (both residential and commercial).