I have a (business) checking account at a major national bank specifically for rent deposits.Each month when we mail our rent invoices we include a pre-printed deposit slip.Most of my tenants have accounts with the same bank, or we encourage them to get one.

Investor for quick cash,whole tailing it just making small improvements like carpet and paint and selling,or a full rehab to sell at the retail level.Each will have their own margins of profit and expected time lines for making that profit.If you buy correctly you can move any property.They key is buying at the correct price.A great source is local and regional banks,national banks,and the FDIC.Remember that anything pre-1978 you will get hit with the new EPA renovation rules regarding lead based paint and it can get very expensive.Never deviate from your low pricing.You don't want a bad decision to end up being a rental that will haunt you for years to come.I would rather have my money sitting on the sidelines then to buy into a bad or marginal deal.

They may be more willing to invest in their community than a national bank would be.Also, explore owner financing.

:kewl: I'd rather give back to BP Nation than shoot craps....

Well can anyone tell me if there are title companies that close nation wide on commercial property. i.e i find a deal in philly but i reside in florida.I ask that because when i get seller financed deals i want to be able to go to one escrow and title company(one stop shop) that can close the deals. if so is the process the same just different with state regulations?

Welcome to BP Nation Jak - you've come across the ultimate real estate resource!!

Welcome to BP Nation Julie.I love San Diego, fun place to go!

Ive contacted as many mortgage brokers over there as I can find and all of them give flat out no on foreign nationals even though the deals I've looked at pay for themselves.Been looking at unit blocks with 5-10 units in them.

Welcome to BP Nation Jeremy ... you're right, this is the best RE site around!!

There are very few good, national transactional lenders.