That steady stream of good income is hard to pass up, especially early on in an investment career.

First off, it must be done with someone who will trust you and then, the problem of encumrances after title transfers as explained by Jason.So, to do your transaction properly, without having your own POF and without having to double close, you can use a trust, name your end buyer as the beneficiary, you as the trustee and your buyer can supply the POF.

Therefore this lack of supply is pushing the prices way up !

Hi Lawrence,I don't have any specific advice for your market, but I can suggest the J Scott method; go to Home Depot at 6am and see what contractors are there picking up supplies, they're going to be the ones that are probably a bit more trustworthy than others.

Try MFS Supply out of Cleveland OH.  

The man next door is also the person who is supplying this shed with electricity via an extension cord.So now here I sit waiting for my court date for an ejectment since we were never in a landlord/tenant situation.

Also the people above your tenants in the operation, the ones supplying the drugs, can be much more ruthless.

She has the cash down payment (but no job and bad credit) and I have a steady job and great credit (but no down payment)...

Unlike stocks, where market investors may be world wide, having unlimited supply of similar alternatives with high liquidity, real estate is just the opposite. 

At the plumbing supply house you can buy 20' lengths of straight Pex.