The key is to build relationships and show them how you can give them a solid return secured by real estate.Every investor will be different, so you have to find out their needs and what it takes for them to be comfortable working with you.

I have the time to commit as I'm single w/no kids and just have my full time job commitments.My ultimate goal is to be able to live comfortably off of passive income from rentals but am unsure of the best way to get started.

Me and my friends really would like to use patchofland since we are comfortable with the deals you post, but since your accreditation process eliminates us, its unfortunate.

Somebody on biggerpockets wrote that he was not comfortable with renting out houses where he himself would not want to live.

We took wall down too from kitchen to the dining room. 

However, you'll need a title company who has done it before and is comfortable as it does look a little shady on the surface.The fastest way to find the right title company would be to call other wholesalers in your area and ask what title company they use.Hope this helps, let me know if you have any other questions.

I am pretty comfortable with the subject.

Does it have to thrown off that kind of cap rate and you need that cash flow or if you have enough cash to be comfortable most seek a "flight to quality".I can tell you owning a lower income property and living the headache and actual returns is VERY different than theory and thinking about taking on such a property.The plays I see is seasoned investors buy these and clean them out and then force appreciation and sell off in one to two years max.

Sure prices go down along the coast, but if for some reason I am forced to hold onto this collateral for the rest of my life, I will feel comfortable doing so (of course barring any major disasters like a Tsunami or nuclear explosion).Second, there is capital appreciation.

I still suggest forming an LLC to sponsor the plan because the banks may be unclear as to the rules, and it seems to comfort them that you have a legitimate business structure sponsoring the 401K.