Business and corporate credit are both essential towards success in real estate.

If the apartment looked essentially the same when you left as when you moved in, then you don't owe for damage, assuming that you didn't damage any appliances or other systems.

Its essentially a pay option ARM where the minimum payment is zero and there is no maximum on how high the outstanding balance can go.

And that's essentially what this is - a covered driveway.

I can then turn around and find a tenant/buyer to rent/sell to and essentially rent/flip the property.

Most often I am essentially doing a short sale on the property negotiating with the primary lien holder and telling all of the juniors that the owner is getting ready to be in foreclosure and they can either take pennies on the dollar from me or get nothing on the foreclosure date due to the fact that the property is already worth less than the 1st mortgage.From time to time I run into ones that have boatloads of liens on the property but it is completely paid off so no mortgage.

And now they're receiving a deal at essentially retail and are told that it MIGHT be negotiable.

So, while I think your short term issue is how to get to this point, its essential you construct a set of projections for the rents and expenses for these properties one they're up and running, and validate its actually a profitable business.

Believe he was renting the place and I essentially sublet.

By raising your down payment you are essentially just buying your cashflow.Can't run the numbers for you right now as I'm on my iPhone and sitting In a dentist chair.