So let me ask you this switch positions . your seller.. you just deeded your home away you think everything is great.. now the payments are made for a year or so then. stop.. your seller probably has not really fixed their financial position and is now renting and so they can't afford rent and to pay a mortgage on a home they do not own... you as the real nice middle man who solved their problem is long gone you could care less you got your dough you just stuck your seller with basically a sub prime borrower they don't know... house will now finally go to foreclosure because both parties can't cure.. and of course your long gone you got paid you have no skin in the game does not affect your credit. 4. the people you saved cannot get another home because their mortgage is still on their credit.. they are stuck and did not realize it when they deeded it over.5. your Seller gets way pissed and files a complaint against you at the AG s office as you have taken advantage of someone in dire straights and now they are totally messed up. ( I have rescued investors who this happened to)So I know there are guru's that teach this and it all sounds good.. but UNLESS you have the ability to cut a check to payoff the underlying at anytime its called then step in and foreclose your lease option or contract for deed folks out.. then this is a horrible idea .. and again I know its taught and on the surfice it sounds wonderfuland it works like I said if your very well cashed up .. but most who do this are not ERGO they want the sub too deal as they see this as leverage into a deal with no personal credit.Also let me tell you there are sharks out there that do this and walk once they get a few grand .. in many states you cannot even deal with folks in foreclosure unless your a licensed foreclosure consultant.. our state is that way.So careful .. think it through .. use the 10 commandments due unto others.OH and lastly your comment about just walking that one really gives me heart burn.. you lead people on you bail on them and leave them no time to fix their problem when they could have been talking with a real investor or short sale broker that could have actually helped them and is not just looking to help themselves.

Different lenders have different rules, but many that I have worked with do not accept funding from another source of debt as a viable source for down payment requirements.Do you and your wife have your hearts set on living in your current home?

They are successful because they strategically planned how they were going to acquire the desires of their heart.

@Lauren Heart @Assaf Furman Account ClosedThank you all for your comments!

Its definitely not for the faint of heart

I own a property management company located right in the heart of the city (King-Lincoln).

Through past experiences, in other aspects of my life, I have noticed that individuals can be extremely happy with a deal but they often have a change of heart when they discover how much commission I make off the deal.

We can bring a lot of heart, determination and creativity to the table and are willing to do whatever it take to do some "on the job" learning and participating.Big thanks to Joshua Dorkin and @Brandon Turner for creating this gem of a community.Additionally, I want to thank everyone in the community - Veterans and Beginners alike - and look forward to becoming a part of the community.

I am not a big player as an REI so this is great for my down time ;p and a great tool to learn even more, working along side other investors.You have also enlightment me on all the different ways you invest in real estate with all your sharing.and mostly, I want to thank you for the instant networking. wow, that was what I was doing wrong, when I was a starving agent in my past life.I thank you from the bottom of my heart. great community!

I've been checking online (trulia, realtor, google street, etc) to get a feel for the neighborhoods, but its always nice to get input from the community and those who have invested in the area.I'm interested in these neighborhoods (Stadium/East Park,  Hickman Mills,  Heart of the City) any input you can provide would be greatly appreciated.