At least it was a very difficult concept for me to grasp when I started lending in the Mid west in 2001 and 2200 loans later and a few hundred defaults learned that appraised value in the MId west and upper east had NO bearing on TRUE value

Account Closed Simpler idea, for your example:  simply offer the owner $17k above pay off, with your $5 k EM now, and typical weasel/get out of jail free clauses.  

I'm sure the numbers are the same, as well as concepts and formulas, but so far as the legal stuff is concerned...

Learn the Concepts ____ Best place to study?

And you have plenty of smaller players that sell direct and handle the entire operation as well.So its really a pretty simple concept... virtually every metro area East of the Rockies and south of NYC has turnkey in their market...

im looking for some recommendations and if possible a reference in houston area . i need to make contact whit a RE lawyer . i like to have some one who knows the laws making sure everything is correct especially now that im just staring ,i understand the concept and i been educating my self the mos i can .but still ,even i know i will make some mistakes some times i want to make sure i minimize them .

The trouble with most people that put plans together, is they confuse "Plan" with "goals" & "Concepts"...which is why they don't accomplish their "goals".  

I just like to work lol but hopefully just a better position and more money.I appreciate itI haven't explored all of the forums as of yet but do the concepts here on BP apply internationally as well?

it is more complicated than this but that is the concept.

The public library is a place to start, but a Barnes and Noble or Amazon will be your best source of real estate investing books.I'd read "Rich Dad, Poor Dad" first, to get the concept.