Many times the contract will include personal property (lawnmowers, TVs, etc.) and I am required to report that personal propety is involved in the sale.

From your example: If the proeprty is now worth 130k and they loan you 104k, in their eyes you have 26k in equity.

The last "cleaning" I did involved replacing 6 brand new miniblinds that the tenant's cat destroyed and they had to be cut off because of odd sizes; stove was filthy; refrigerator was filthy; new storm off it's hinges, new carpet not clean; fireplace filled with burnt logs, cat hair and dust everywhere; light bulbs had to be replaced etc. etc.

You must have a "Qualified Intermediary" also known as an "Accommodator" involved and assigned into the sale transaction before it closes.

Thanks for the encouraging words guys, I know it's going to be a tough road ahead, and look forward to learning as much as I can, while solving some of the many challenges I'll inevitably face along the way.I just bought “The millionaire real estate agent" book, by Gary Keller andDo find it very eye opening to say at the least.

If I can see the veil over my eyes how come the rest of society, our family and friends can't?

Tell yourself you can find them and thenkeep your eyes peeled.

This website in addition to a few other outside resources has been a big help over the last few months and I have just recently decided to join so I could get more involved and hopefully get a few of my questions answered.

They insisted on using a different title company and I suspect mortgage fraud which the buyers were involved in.

Close your eyes and envision the life you want to live.Really focus on it.....the home, cars, security, pride, etc.THIS CAN ALL BE ACHIEVED W/ REAL ESTATE INVESTING!