Sure, there's not much of anything to be made with rentals, but it's a great way to get your feet wet and make a little something.Most people fail at this business. 

And, besides the equity stripping issues, assuming responsibility for a mortgage being called due......well...1. it delays the foreclosure process, it's illegal interference changing title, a federal matter under new foreclosure rescue laws; and2. your failing to pay off the note as agreed in a Sub-To opens you up for the seller to sue you later on; and3. it also opens you to a law suit from the tenant from two angles, one, you lost their leased home and two, you failed sell to them as agreed.4. then there is the predatory lending/dealing suggested to make sure you sell to the tenant above the market value; and5. if your sale to the tenant involves wrapping the sub-to debt, now you're in violation of Dodd-Frank!

Quite often what is illegal may actually be hard to find, as it is something not necessarily denoted by a law, but rather by a rule that the commission has that bears the same weight of law.

But I'm thinking possibly it was a communication issue and I failed to word my question correctly.

If all these "pump primers" fail, history shows that the only way to prime the pump is to print money and purposely stimulate the economy by making your exports cheaper.

But, you'll still need the cash to close.On a side note, this is why "preapprovals" are given little weight by sellers/agents.....your lender gave you a preapproval when you have absolutely no cash, and no chance to close on the loan.

Some of us need a mentor to get over the fear of failing.

It is worth its weight in gold, so I highly recommend you check it out.Another way to meet investors is to attend the meetups.

This is not the case if you fail to take the depreciation expense IRS still requires you to recapture what you should have taken in depreciation at ordinary income tax rates.  

A good lender will issue a pre-qualification letter for your borrower and it will be based on a full credit review a financial review.Personally I require 2 years taxes, w2's and a tri-merge credit report before I will issue the letter.Very rarely does one get through my pre-qual process and fail after-words.