By that time, you'll have learned a number of "non-bank" methods for acquiring rental properties.Good Luck!

Sure you would love to acquire the property with very little down, using someone elses credit and rent it out for the next 10 years.

It looks like he found his exit strategy: California Investors Rushing to Own Limited Opportunity Investment Properties in Tennessee Rare Opportunity to Own Part of a Multifamily Development in a Rapidly Growing Area FOR IMMEDIATE RELEASE PRLog (Press Release) – Aug 22, 2008 – SPRING HILL, Tenn. – California property investors are quickly acquiring property in the 15th fastest growing area in the United States, conveniently located near a major General Motors Saturn Plant and just minutes away from the Nissan Corporate Headquarters and a Verizon Regional Headquarters.

Several problems have occured to get where we are today, needless to say we still have the house on the market.Yesterday I received a call from my agent telling me that there is a couple, he is in the airforce, they are wanting to rent our house for 6 months while he is out on tour and then when he gets back they will use a VA loan to buy the house for the full listing price.I am not a mortgage specialist, but from what I was told through our agent is that after he gets back from this tour, he will then reconnect with his regular full time job, and will acquire a VA loan which supposedly he is already pre-qualified for.I have not done any lease options, but I have wanted to start looking into them, but wasn't prepared to do so with this house.

Short sales are filled with too much emotion and paperwork.Wholesaling, I would liken this too exept I dont have to drive around town looking for properties, just look at what banks have to offer.I really dont want to be bothered with Renting properties , although I do have it in my plan to hold on to a acquire a couple LO or sub2 for long term.To get started here in REO I planned to get a private money loan, last choice is hard money.

RMNP probably won't be accessible for another couple of weeks.I follow your area somewhat, I have family in Redwood City and Disco Bay.

If not then they are worth a look.Anyway, since you are interested I will PM you another link to a site that will give you access to more information and how you can link into a conference call to learn a bit more.Hope this helps and thanks.

Besides if you are in the rental business then your tenants don't have EASY access to your home address like grandwally said.

Acquire a business checking with the credit union you like and credit card.

Are talking about pre-foreclosure, Foreclosure auctions, or bank owned properties they acquired through foreclosure?