A good mentor will be concerned about your development as a real estate investor and will take the steps necessary to ensure that you are well-versed in multiple investing strategies.

And I am pricing this security/condo at $230K and it WILL sell at this price and I will be able to pay it back, as we are actually verifying my income etc. so my security will actually be worth something.But with this bailout...

Investment banks, big insurance companies, and others who bought securities that were based on mortgages that were no good.EACH AND EVERY ONE OF THESE GROUPS SHOULD BE ALLOWED TO FAIL AND THE CRIMINALS THAT STARTED THIS MESS SHOULD BE EXPOSED AND PUNISHED.

I've been investing in RE for well over a year now, and have had 2 properties that I've been relatively succuessful, a SFD property bought as a REO , repaired cheaply and increased equity by 40% and a 6 unit apartment complex that is now cashflowing and has increased by about 400% in equity.We will be finalizing some credit account the comming week to secure enough money to start buying atleast one property per month to add to our portfolio.Our goal is to buy properties in decent neighborhood at no less than 35% ARV , rehab and then lease-option or other type of seller financing/RTO deal.

I am having trouble figuring out how to try and secure a legitimate corporate veil!

What route would you reccommend I take to secure financing for some homes that are in foreclosure?

We have also recently started an LLC, which we use for a small business, but would it be beneficial to try and do this through the business, since the other two properties were secured under our personal name?

It goes towards the down payment for the purchase of the house.Even if it didnt, and was used as a security deposit, it still is never ours (unless they damage the house in some way).Is this correct?

My payments are 1200 a month, me and my wife (we've never married) have secure, decent jobs and can save about 1000 a month.

Since they're moving out early, you can usually include the cost of re-renting in the items deducted from their security deposit.