This is something right for me at this time, It's what I want to do and what I can do.

I did want to go thru some of the steps to be prepared for acquiring portfolios in the future.I'm thinking I should slice and dice the data to look at:Counts and cap rate by city, by property manager, and by product (2/1,...)Cash flow over time and CAPMBPOs?

@Alex FlowersThis deal looks good to me at $225k.

Prime driven products like credit cards and lines of credit are based on the monthly prevailing rate.

The only time you would buy such a product is for tax purposes.

Inexpensive product for a custom look.

I would certainly talk to a GOOD mortgage broker and see exactly what he needs to do to get him into a quality loan product sooner rather than later.there might be a few key steps he can take to speed up the process.

@Gary Mariencheck mentioned Postlets which is a free product I've used before with some success.

I won't do a CFD with a QCD, attempting to secure the property holding the door open for my QCD filing to be challenged or putting me at risk for doing an unlawful or wrongful foreclosure.Terms of an installment sale can be made, a note can be made representing the equity financed based on the sale price, but that note needs to be secured in another way than requiring a buyer to agree in advance to giving a deed in lieu of foreclosure.I think I mentioned, in most cases, in a default, when a borrower is presented with the facts of foreclosure and an option allowing them to do a DIL, in other words saying you would be agreeable rather than demanding a QCD, the owner will usually opt for the DIL.If there is significant equity, I have worked out a cash for keys deal many times with a QCD to avoid foreclosure.I mean, I have stood at the courthouse steps and sold properties, but I'd rather not.

While I have many interests, all varying from music production, video game development, cars, and even real estate, I just don't get excited about getting a degree for any of them and hoping to land a career, working that "9-5".While I will always have much to learn, I feel "ready" to take the leap and start gaining some momentum in regards to starting a business of my own, or at least owning some rental properties.