I mean, if it all melts down and I loose my job or can't pay my mortgage, it looks like I can pass the buck on to someone else in this new, no accountability financial system.

I didn't head back to school this year due to financial reasons ( I would still be going to school but I'm currently going broke cause of it LOL ) so my plan is to start out wholesaling, since I think this is a great time to get into the market cause everyone is foreclosing or selling as long as i can find buyers, then move into flipping them myself.

People get excited when they see an ad and then write the person for more info, but deep down inside can't afford it or haven't really thought about it.I'm sure it would be helpful to an extent, but I wouldn't make any financial decisions off of the 'interest' a CL gets.

., The theory behind this is that, had the loan officer not falsify the application, you would not be in the financial turmoil your in now.

D*MN but I want to see some financial executives doing perp walks.

General Financial Evaluation?

Learn how to buy properties by taking over the payments from financially distressed sellers, by using the 'subject to' method.

If they had some kind of financial or medical hardship then it would be easier.. etc?

. * I would go to 50% ARV on Rehabs.Ideal CandidateStrong income, Strong Credit, Strong Financial AssetsHands OffIf you have money as collateral in a Commercial bank......They will work with you.They will loan 80% of appraisalIt would be helpful if the bank would refinance these loans once the repairs are completed.Also, it would be helpful if lease options were structured as Fair Market Rent plus more as an option payment.Example:Market Rent = $1000 pmOffer $950 pm plus $200 pm as option payment (subtracted from future purchase price)Future purchase price can be tied to a future appraisal OR a set figure, whichever is higher.Ideal location of homes for tenant buyers - STRONG EMPLOYERS in the area that are recession proof.Consider not giving an option to purchase, but a Contract for Option to Purchase.

I appreciate the tip on renting the house, i'm also trying to separate myself from my co-buyer. since we bought the house, she has become financially unreliable and deceptive at times when dealing with finances.