I am also looking to share what i learn and help others achieve their goals.I am very excited to have found BP and i am looking forward to connecting with like minded people.A wise man once said "You can have all you want in life if you help others get what they want"

If you are an individual as opposed to an LLC, I think you can get away with $1,000,000 net worth to qualify.There are also some stipulations as to what assets you can use to achieve this metric.

Best of luck in achieving your goals.

I think it's an achievable goal with persistence.

Sticking to hard assets, rather than paper, is the best way to achieve real wealth.See you around the forums.Continued success!

New update: 105 cosponsors and counting.https://www.govtrack.us/congress/bills/113/hr1779#overviewThought I'd also share an informative article I came across on the status of this proposed bill:http://www.mhmarketingsalesmanagement.com/home/industry-news/industry-in-focus/6659-dodd-frank-fix-hr-1779-preserving-access-to-manufactured-housing-act-of-2013-achieves-growing-bi-partisan-supportIt's great to see this finally getting the momentum it deserves.

So, the two of you are conspiring to defraud the lender's approving the short.A better option, if you want to achieve this net effect (you still own the property but at a lower price) is to try for a loan mod.

They are harder to find and not getting easier lately with inventory down but they are out there.That being said I am considering other markets and the reason for that is that to achieve similar cash returns here, requires more cash to get in.

Shortly after it's rehabbed, it becomes stabilized by achieving 100% occupancy.

Looks like we might have to go out of state to achieve this goal.If you have an option, would you buy 4-plexes or bigger?