For more clarification, here is what a friend wrote to me that causes me some concern (i.e. could the same thing happen to me):"One of my best friends has been waiting on a bank-owned property for months now!

@James WiseOh shoot man, way to ruin the party...I was thinking the same thing as I read through this as i am faced with a similar net worth looking to attain FI in the next year or so.  

One quick way he recommends to get cash flow going that interested me is the following method, but I need some clarification on a few points with it: 1.You call up the "apt for rent" ads in the paper. 2. ask the renter if he or she would like to sell rather than continuing to rent out the property. 3.

@Rich Coppage, great clarification above.

@Joshua DorkinThanks for the clarification....And just for the record, I don't actually know anyone personally who has a true 4-hour workweek, even though EVERYONE I know loves that book.

Some of the realtors I have talked to are a member of BP too, but I don't want to mention any name, just a clarification on if it’s something that is OK to do?!

It is located in Kansas City on the Missouri side I believe.I will get clarification on the property taxes.What other questions do I need to ask him?

The problem is like I mentioned and Steve pointed out that I said, I'd be worried you would waste my time like so many newbs have and the fact that you already have purchased so much education and still lack the ability to follow through with a deal. where I lacked clarification is simple, I asked you a question and before I would have offered anything, I would need to know what it was you were trying to do.

If I show the purchase contact on current residence, showing I am not responsible for the monthly payments, the rest of my debt to income ratio should be fine.So I guess clarification is needed on selling any house sub 2, how does the previous owner buy another (cheaper) house?

In the absense of clarification, I will speculate:1.