But I thought, if it turned out well, then I might want to invest in this kind of property.

ok well thanks for at least giving ur thoughts...I agree with you abt using the formula, but I was thinking of some other kind of creative financing that you cud use when the homeowner owns the home outright.

Maybe that's even too little counterspace and I should find some way to incorporate a small island or something.

Some avenues are less work than others, but normally you have to put forth some kind of effort.I've finished my real estate course lessons and all I need to do now is review and test.

As far as incorporating - I really dont even know how that differs from an LLC, honestly.

Having done this twice already and getting ready to do it again... the SEC has some very specific rules about these kinds of things.Most of the rules captured under a generic term called 'Blue Sky Laws" deal with how you approach different levels of investors...

They decided the market was TOO HOT when those kind of people were "playing" in it and sold out.2.

Now I have to say that it is very common, and most likely it won't land you in jail, but I would always recommend going the straight and narrow with these kind of things.

The kinds of riff-raffs that we've dealt with would never in a million years call the housing authority.

The point I am getting at is there is not a lot of wholesale properties where I live, so I would kind of like to poke the foreclosure market.