The idea is to find tenant-buyers, match them with a property from MLS (there will be listing agents involved who we will have to work with), find out what the seller will accept for option money, charge the tenant buyer more than what the seller wants, have the TB write the check out to our LLC, then turn around and write the check out to the seller for the option money they requested.

Get involved with homeowner pre-foreclosure, short sale with lender, buy from auction, buy from MLS.

If your lives turn bad again, you'll end up dragging him into a bad situation with you.If your dad really want's to get involved with real estate, let him do that on his own.I'm not an expert on credit, but I don't see you getting from high 500's to a level where you could get a mortgage in a year.

He has never initiated anything that was bipartisan, and never been involved with something that was controversial.

My background is not in real estate, but I am launching some new web services for neighborhoods and real estate, and I am attempting to learn as much as I can about how the industry works and meet the people involved, and hopefully make some contacts :DWell, enough about me!

On occasion they will release an offering but, for the most part there is usually a V.P. or some other executive involved."

I have always wanted to have a strong buy and hold portfolio I just don't know how much more risk will be involved.

Remember to factor in interest cost, your time involved, and overages.

How long have you been involved with real estate and whats your assumption as to what the housing market will be in the future (in general)?

You should also get seriously involved in your local REIA.