Hire a lawyer to draw a iron clad agreement.

Often the big name that draws you in is not actually the one doing the teaching. 

I am getting myself ready to buy 2 foreclosures early next year and I wanted to see what recommendations ya'll have for me on this subject I know I can make money on them in the area I will be buying but what draw backs are there ?

What's drawing you to this property? 

The guys I am interviewing/interviewing with now do have a few strengths, even if they would prefer to take a 100% loan: they do good work, they use licensed people, they have a trusted Realtor, they know their area, they have good references, they have lines of credit, and they do the demo/rough in up to about $20k before they request the first draw.

This is going to come up and it's important I outline it, so here's my why/goals.Put simply, I'm an entrepreneur, everything in my personality draws me to being my own boss and taking risks and playing the business game.

It automatically draws rent each month.

they just dont let you draw on them the bank can unilaterally freeze them..  

She needs to draw a line.

@Steve Basra the best advice I can give you is to buy in the highest asset class that you can afford if you want to minimize the hassle and draw a better quality of tenant.