I figured saying the ARV was about $175,000 was playing it safe but I dont want to undervalue the home too much and present too low of an offer to the seller.

Using lease options as financing devices with Dodd Frank coming into play on Jan 10 2014 will get you into Federal trouble, not State.Use a pure lease and pure option will not.Good luck!

Local or state banks are the ones that will likely want to play ball on deals this size.

I am looking for some advice from the group.I am currently going through a divorce that will likely play out 3-6 months more, as the bulk of the assets are locked up in a house.

Submit whatever your numbers tell you to submit and let it play out.

The benefit is you have no newbies overpaying with 25,000 to play with in cash and you price out most of the competition.

In Tarrant County, my experience has been that the judges don't play around and enforce the law as written.

No way I would touch this unless it was a value add play.

As you already know, you can't use a loan where recourse comes into play when you are using IRA funds for the investment.

Nothing.His office said he is around, but busy with meetings, clients.I asked if someone else can show me said property, they said I will have to call him because "he play his cards very close to his chest"...okay, I am not playing anything, I am looking for him to return a simple phone call.Now get this, during this week of me trying to get a hold of him, the price of the property dropped twice.Twice, and not returning calls.Think he has a buyer lined up and this is just to get the prices gravitating to his buyers pre-agreed upon number while telling the bank there have been no interest?