You might want to research the foreclosures laws of the county / state of the subject property also.

Using the new matrix system you would type in address of home and perform a search within 1 mile of subject property, do a search from 1 year back. 

The subject says you're looking for private funding. 

It's a little pricey and a little Ontario biased in some sections, but it is the veritable text book on the subject.

Real estate seems to be the subject of these seminars, but the product is always an intangible one, concepts, strategies, ideas that are difficult to replicate by just anyone but sold with the hype of success and wealth.

I suspect what goes on is a lot of hype as no one has mentioned exactly any subject matter in these seminars.Let me guess; these are the secrets, if you pass along information you damage your own business chances.

So I have been studying the subject as to avoid any dangerous pitfalls.

- Perhaps someone can recommend a book or other informational resource on the subject?

On the subject of budgets, I am already on about the tightest budget you can imagine.

You need to make rent close to the fair market rent for the property, the rest or overage can go toward the option.To level the deal, if needed, give credits to the buyer of up to 3% of the sale price in the closing costs normally paid by the buyer.Interest rates are irrelevant on the seller's side the buyer is not assuming the loan.Don't attempt to wrap the mortgage as a subject-to deal as this is a lease and an option, you can look at principal reductions and apply that to the option, but again, you will then be accepting payments on the option and that is seller financing.