Then, FM/FM decided they needed to leverage their position of power to get in on the same gravy train, and now the whole thing has collapsed.

I was familiar with separating liability, but wasn't sure if $200K was a specific number to use as limiting equity.

The option is also powerful in that you can just make it a condition of the wholesale that the seller sells to the end buyer and you get paid on the HUD as a satisfaction of your lien instrument.

I am trying to pick a property, with the hope of fixing it up a bit, then selling the property shortly afterwards for a profit.What type of unit would you recommend a new investor with limited handyman ability get involved in for his first attempt at Buying and Flipping ???

., were scheduled to reopen on Monday as Mutual of Omaha Bank branches, the Federal Deposit Insurance Corp. said.The FDIC said the takeover of the failed banks was the least costly resolution and all depositors -- including those with funds in excess of FDIC insurance limits -- will switch to Mutual of Omaha with "the full amount of their deposits."

Because of the limited leads that I am getting I would invest inany sort of deal that makes sense (profitable).

Its not like its some government organization with any real power.

Wendy Patton has a book on doing subject to deals: "Investing in Real Estate With Lease Options and "Subject-To" Deals: Powerful Strategies for Getting More When You Sell, and Paying Less When You Buy".

Start small as you WILL make some mistakes, but keeping the investments small at the beginning will limit any possible losses.

If you have the resources to jump into wholesaling and can make it work, more power to you. but, a college experience is valuable too, both for your emotional growth and for a degree to fall back on.