The strategy is best described in Joel Greenblatt's fantastic book, and an outstanding practical guide and tool for executing it can be found over at the Magic Diligence website.You can do either (or both) of those using the "leverage" of Options, allowing for substantial upside potential compared to standard stock purchases, with dramatically reduced downside (if you want a no-hype education on Options, Erik Kobayashi-Solomon's book is great).Those with the patience and inclination can indeed use Option trading to make money in any market condition (Wikipedia founder Jimbo Wales, Amazon's Jeff Bezos, and "Black Swan" author Nassim Taleb all spent time -- and made lots and lots of money -- as options traders in their careers).For even more leverage, you could of course do any of the above (and much more) on margin (meaning your brokerage lends you money to do the investment), though that's not something I would ever do personally.Also, if you focus on holding stocks (or options) for at least a year, you benefit from favorable tax treatment of the profits.

.* I have a 9-year-old chapter 7 bankruptcy that was due to medical bills.My parents have offered to help me financially, which would consist of them taking out a line of credit on a rental property they own free and clear to loan to me, which I would be required to repay at a flat 10% of the money borrowed (for down payment, fixed & holding costs, and renovations).  

Both banks I use will allow seller held seconds to reduce the down payment.

I do not have any experience with that because of my medical recovering and I still cannot.  

I recommend that you contact Apartment Medic in Syracuse.

I "made friends" with the park manager, and he is really easy to talk to and offered to reduce the lot rent (which recently went up, and is little high) So i was looking to buy, and flip it, or rent, or rent to own if the right person asked.

The "off-the-shelf" quoted price may be a full month's rent but if someone approached me with a group of higher end units that needed to be filled there's almost always room to reduce the fee.

But never select the company directly who quote minimal charges as all of us understand that quality never will come in reduced rates therefore greater to learn about the solutions and prices and then choose for employing them or not.Lease Variety: Property administration companies have a great idea of creating rent price while they know industry demands and your house value.

You have an agreement with the agent and should honor it.Talk to the agent - ask questions - read the listing - do your comps - understand what you want to accomplish:how long listed (the longest on the market the more motivated the seller)how many times has the listed price been reduced (gives an idea of motivation)balance of mortgage, interest rate and terms and the amount of the mortgage payments (helps to determine the equity)vacant/occupied - by whom - rental - lease - how longwho is on the deed - can you buy part interest in the buildingcode violations - back on taxes or other lienswhat repairs necessary immediately - estimated costhow much will the seller contribute to buyer at settlementhas the seller been cooperative - reasonable - easy to showcurrent or back in payments (how long and how much)why hasn't the property sold (over-priced - seller not cooperative - area - condition - ALL PROPERTIES SELL AT THE RIGHT PRICE!)

Ya, this seller is unloading some of his properties for medical reasons...