***Additionally, a mortgage broker that is able to take a tenant-buyer's option consideration that is paid to me (wholesale lease option deal), and either apply that consideration towards the TB's down payment when the exercise their right to purchase ORdiscount the price of the house.Typically the consideration goes through a third-party escrow account (my attorney's), and that helps with the above.Typically mortgage brokers who understand this type of situation will only submit financing applications to banks they have great relationships and won't have an issue with this type of thing.Thanks in advance!!

There is a lot of material and I feel that additional prep is needed for the exam.

I think I'd like to explore a fix/flip opportunity with a partner who could in a sense, be a mentor.

This deal has more hair on it than just QCD:original owners were foreclosed upon by Fanny Mae;then the property was transferred or sold by Fanny to this bank;the bank has been sitting on it for 4 years and finally decides to sell, butin addition to QCD they want cash only (not even hard money);10% earnest money deposit - I have no problem with it if I can get it back in case the deal does not work out - but they allow forno option period and no contingencies of any kind!

Additionally, if someone knows a great tax guy/gal, that would be swell.  

After a completed first purchase and property management have proven themselves, then I consider it a lot less important to return to the area for a first hand look at additional properties.

As we start this endeavor, we are also interested in meeting with investors & exploring real estate syndication opportunities.Patrick 

That additional equity (the 50k) is now in your pocket and freed up for you to invest in the next deal.  

@Ed` Jones If I've properly understood....the insertion of additional entities, particularly an IRA, would only exacerbate the issue.

In addition, the brokerage LCL seems to manage quite many properties in SoCal.