That being said, the 401k rollover and loan option may work out better for you.

I hope those FSBO's work out for you.

I'm having trouble finding and deciding on a Real Estate career path for my day job that will give me more exposure while helping someone else in the Austin area (maybe even work out a mentor-ship of some sort).

Our market doesn't seem to have the upside at the moment, even though it has plenty of properties in just about every price range and things seem to be selling at a decent pace.For most of our projects to work out, we would have to be purchasing somewhere between 25-50% of the asking price.

I analyze every potential customer as an investment deal and if it doesn't work out then my exit strategy is mainly list the property.

Or, do I suggest to the homeowner that he find a realtor so that we can work out a short sale?

In the even a particular project does not work out, the borrow is personal liable to the lender and the lender may come after the borrower's other assets to recoup their loss.I hear so many people on the forums talking about how they want to build spec homes, do large development, own apartments buildings, etc, but are people really aware of the risk in doing so?  

That rule doesn't seem to work out, and 1000 a month for repairs seems insanely high. 

Private can work out very well for everyone involved.

This time gives us a chance to have inspections and work out any additional agreement should the inspection bring up some unknowns, or walk away.