I have paid everything off and have been on time(credit card and auto payments) for a year to show my credit worthiness. 

It was kind of strange opening up the paper this morning and finding myself in a photo (the guy in the blue shirt behind the guy with his bid card up} blaming the Marion Co tax sale investors for the blighted communities in Indianapolis.I think the article makes some good points, though.  

Save your $200.00 and attend a local meetup.com REIA meeting to shake some hands smile pick a few brains and exchange business cards.

Don't go ape on this, it's harder to explain in words than it is to wire-up in Excel and get the answers :whew:Personally, I was driving down the LTV with additional principle payments so the outstanding balance was diving at the same time as the ARM changes were climbing, and that was close enough to be a push (aka card game '21' term).

I am thinking about doing this and save money on always including a business card in everyone of my mail piecec.Also, does anyone have any creative mail pieces that they send along with their yellow letter that elicits a stronger response?

In my opinion properties well suited for vacation rentals have:A great location for touristsNear outdoor / recreation destinations (beach's, ski resorts, etc.)Near nature (on a river, lake, ocean, etc.)Or perhaps a great location for business / corporate housing (Downtown, near major companies, etc.)Decent demand year-round (If it sits vacant 40 weeks out of the year you would be better off with a long-term tenant).Great amenities (WiFi, TV, Furnishings, Linens, Coffee, small appliances, etc.)Accept credit card paymentsPool / Hot Tub is a nice bonusOutdoor space at the property (Deck, balcony, patio, BBQ area, etc.)Pet friendly (not required, but will get you more interest)If your property seems to meet many of the above characteristics it is probably well-suited for a vacation rental.Some major differences you will need to figure out (compared to long-term)Who will do routine housekeepingHow will you get the guests moved in and out (lock box, in person, etc.)What laws govern your locationsWhat tax implications (bed tax, reporting, etc.) will you have to figure outHow much extra will you need to charge to make all the above worth it.

you know the solution, you just want to try and go around it. 1. get a job (now you have income)2. get some credit cards (now you have credit)3. save some money (now you have assets)4. apply for hard money loan. crawl before you walk, walk before you run, run before you fly.

After that, you must pay a repayment on the same day of each following month. iii) You must make the number of repayments stated under “Number of repayments” for the period stated under “Period of repayments (loan term)”, and pay the balance owing under this contract on the date when the final repayment is due. iv) You must make payments to me by any of the following methods; a) In person, at the address shown below this contract documentb) By direct bank depositc) By direct wire transferc) By telephoning the office with your credit card detailsd) Through Western Union/Money Gram4.

I can fallback on a credit card / loan in worst case scenario.

So, it can be done for those who say it can't.I found this house by going to an estate sale on my way home from work one day and giving the owner my business card.