Then there is the liability issue....if you do something incorrectly, it can cost you large fines from the various government agencies that may have authority over you as an agent.I'm an agent, and it's great....but you should be aware of the downsides as well as most people gloss over those things.

Another fun thing about those books is that, though they're applicable in most markets, the author, J Scott, did his first flips in Austell, GA, right near you!

No credible HML will lend you 100% for your deals.  

@Darren Finney, I wrote a series of articles on this topic for the BP blog, here's a link. https://www.biggerpockets.com/renewsblog/author/Br...I think that you'll find some of what you are looking for there.

My options are 1) Wait and save, save, save until I can purchase a property or 2) Create a credibility packet to show to my friends and family in hopes that they feel confident enough to lend me money.

The reason behind this is because the authors have a different time horizon to publish their story and therefore synthesis and research differently.

In the article the author states that he likes to aim for at least $100 per unit and this shows negative.  

#1....go to the tax authority and ask for a payment plan.#2...if they won't do it, then look for a property tax lender.#3...someone will give you a loan based on your equity, I'm sure.  

I'd start by:- Listen to TheMichaelBlank.com for the 10-minute offer - Listen to JakeandGino.com and create a credibility book (this got me awesome financing because I could talk to the talk and had a well thought out business plan. - Use the BP calculators.

Again, I would also have a fully executed deed to you from your middle-man seller held in escrow with the title company before closing is authorized or money is released.