People in general need to take a rest from the beating they have received from the stock market.

Owner financing saves the seller on taxes because they only have to pay tax on the payments they receive and not on the entire sales amount until you pay them off.

Have supporting documents with your offer.

So I have to show documentation of the money I spent on repairs correct?

I have done this in the past and it went through FHA, however, a few extra documents and signatures were required.

I was going to say - I bet this strategy went over really well during the anthrax scare - but what you just described actually sounds like the worst case scenario that could happen for type of marketing ( whats good is that you did not end up behind bars) one question - did it not cross your mid that someone receiving a package with a pill in it would trigger any red flags , given the hysteria going on at the time?

To many investors, receiving cash flow just adds to amount of taxes already being paid.

And if I move, will I receive the certified letter about the judgment?

Your total out of pocket is $40K and under Fannie and Freddie’s current guidelines a investor must have a 680 credit score or higher and documented income with only 4 properties on their schedule of real estate.

However, would be possible if I were to open a secured credit card by applying at a Wells Fargo with an initial deposit of say $5000 and after receiving the card in the mail, withdraw my initial $5000 deposit?