@Chris HeerenWith delayed financing, you can do up to ten conventional, and pull out a maximum of purchase price plus closing costs in the first 6 months of you originally paid cash.

If feels like slimy way to pull an extra 10% out of the owner. 

When I was doing the research on the property, I was told that she could not pull comps in the area because it was illegal in the State of Texas to do so.

Going to clerks at the courthouse may be the softer landing and a good educational exercise on how to pull those leads.

Here is their website:http://www.reiaberks.org/I've been a member for a couple of months now and they do an awesome job of pulling in guest speakers offering services related to real estate investment.There is also a Lehigh Valley investors club with more information at this link:http://www.meetup.com/LehighValleyRealEstateInvest...If anyone goes to this club please provide feedback.

That along with 401 k's, IRA's, savings, checking, stocks are looked at as liquid assets because you can pull from them easily.Equity from properties is counted toward total net worth but lenders do not put as much weight on it.

So I pulled the trigger last Friday and got my first deal under contract and know I am working to wholesale right now.I am determined and motivated and I am not scared to make mistakes.

Naturally, if you follow the process and pull your permits, the inspectors come during your build/renovation and do their job.  

Thank you for contacting me and reaching out to discuss the note.I asked the bank to pull a new title search just to make sure that they haven't gotten a 2nd lien recently.And, yes there is an assignment of rents that has been filed but the banker explained that she is not certain whether or not it is being enforced.Taxes are owed from 2012 through the current tax period totaling $25,031.62Note purchase price is 100-120.Outstanding Loan amount - As of Aug 6th 2015 137,935.198 plus accrued but unpaid interest at the non-default rate of 10,212.43; late fees of 759.52 and other bank fees of 2,494.66 totaling 151,404.81.

You cannot refinance the option later should you need or want to maximize cash flow or pull out equity.