Trade referencesBank references and statementsTax returns, corporate and the guarantor'sFinancial statementsPrior landlord referencesTime in businessTaking on start ups is high risk.

Trade your time for their knowledge and the return on that investment may exceed any you ever get from a real estate deal.

I would heloc (home equity line of credit) the home out and in case you found a great investment, you could quickly pull the trigger and trade cash flow of rent for immediate cash in hand.

He is an appraiser by trade and I'm sure that helps him understand the value of the houses and where to put money.

Remember too that you'll be competing against many cash buyers who've just traded in their Zynga, Facebook, etc., options.I looked into acquiring a SFR in the Bay Area earlier this year, but was overwhelmed by the amount of all cash offers (over asking) I had to compete with.

For ex: 10% better than 23%, right?

Plenty of broke people have done well this way.If you can't sell then learn a trade and learn about RE from the ground up.

I obtained my Broker's in Springfield prior to the gestation period.I'll trade you, my Broker's for your Attorney/Bar License, LOLYou should be able to conduct business for your company with out the RE license.

on a side note...Bill Gulley has discussed this topic ad naseum, but the lender won't let any of the monthly amount reflect towards the "down payment".The down payment has to be separate and actually trade hands...I know it's details, but it's good info to be aware of.

We don't actively pursue these type of vehicles but do fall into them from time to time as trade-in vehicles.