If you buy a property from a landlord who desperate to sell and you lack the experience and the knowledge to turn it into a successful venture, you bound to find yourself at the same predicament that the seller is in at the time of the purchase.

(Had to raise rent since I pay water) As far as resale is concerned, I haven't ventured into that area so I couldn't tell you.

My goals for 2010:Earn at least $1.2M in income.Flip at least 50 homesComplete a joint venture with at least 5 BP members whom I have yet to do so with.Take my funding business to a much higher production and profitablity level.Prepare for my full blown commercial investment strategies for 2011.Do all of this while spending less time working and more time playing.

This is NOT a DIY project.

Or, are they centered around selling products and services that are DIY or home-study?

Scott,Need a little more information about the particulars to give you and educated response however just hearing the information that you gave, I would venture to say that you situation doesn't fit the business model and or loan criteria for his financial institution, Richard

Claims it'll be secured by 1st lien (I have to mention that these are lower but not lowest end properties).Since it will (if I decide to pursue after doing DD) my first lending venture, what should I look for?

It is certainly not about trying to sell some other persons deal (that is a Joint Venture)I concur with Jimmy C..

Conventional loans, seller financing, business loans, private loans or joint ventures, or raise private capital, etc.

If I leave to another brokerage or become a broker myself, would my broekr have any claims of ownership in these ventures?