I am thinking American real estate market must function differently.

(They must have positive cash flow)2.

The supervising (licensed appraiser) must do it.

If the deal is smoking hot, the credit worthiness is less important, but still considered.Want to remove 100% of using personal credit, you need a non-recourse loan, which the lender bases their decision only on the property at hand.You numbers must be good, and they will usually want at least 30% down.

(Basically soft sell)Having a business plan is a must.

Available credit is definately dried up these days, so we must get even more creative with our methods and strategies.

When you give an investor a lead that investor must go into closing before you collect your fee or you won't get paid.

I must point out that if you have followed Schiff's investment advice you have absolutely been destroyed in the last 12 months.Schiff absolutely missed the deflationary part of the collapse and believed very strong in decoupling which has not happened.

Never visit a house before speaking with the seller over the phone.

But they must be quite rare.