But investors don't buy lease option properties since most tend to to have little to no equity.

Where do you want to to vacation too? 

My first couple RE plan to to be lower cost (test the waters, then go bigger).

There is a slew of cash to be made in this market as an investor.Buy low, buy forclosure, but REO, buy a fixer if you have to, to cover your costs.

In my case a previous landlord had signed an "affidavit for verification of rental" or something similar.

As a lender, if I see someone with half a dozen accounts for minor purposes, it tells me they can't manage their money, they are willing to pay more for accounting services due to multiple accounts (another poor money management aspect) and it makes more work for me getting verifications of all the small accounts and computing your financial position.Hope that made cense.

Originally posted by Greg Hall: While the 90-day rule itself is not in effect, most investors(by investors I mean the purchasers of the loans be FHA,VA or USDA) make it extremely difficult by requiring 2 appraisals, list of repairs and improvements or even in one Mortgage Brokers case would not even allow the property to be under contract prior to 90 daysBased on FHA guidelines in place since February 2010, this additional verification of value (second appraisal, list of repairs, etc) is in place for 6 months, not just 90 days.

It is cheaper for us to to buy in cash then all we have is the Reno budget and it is still less than the house 3 door down listed at $254500.  

A few docs off the top of my head;Authorization to ReleaseInsurance Cancellation RequestLetter Appointing ManagerTitle Holding Trust docsLoan Info Worksheet (Loan verification)Power of Attorneyas well as a disclosure to the seller stating that you are buying it subject to and that it may be called, that it will remain on their credit, and that it could result in a foreclosure - basically, a release similar to what the doctor has you sign which states he/she is going to do minor surgery on you, but you may die and that you should be aware of that worst case scenario going in.Again, tricky deals to do correctly.

Please describe the intent behind your networking.Thanks =============Hello Joe, thank you for your quick reply.I simply like to know where people are obtaining their commercial real estate training from, and what their No #1 road block might be.Also like to to meet like-minded investors in commercial real estate, specifically people from Canada investing in US.Thanks very much!