So, let me try to start this group up with some questions of my own...

This is a breakdown of my current situation:

I am a new real estate investor, currently have no J.O.B. (except for this real estate business that I am working full-time along with my mother), have income coming in - in the form of unemployment for @ 4 more months, don't have access to a lot of passive cash (for $1,000 earnest moneys or even larger down payments), have recently fixed and have above average credit - but can't qualify for a loan due to the J.O.B. situation, have access to a $600,000.00 POF letter and transitional (1-day funding), co-own my own business (Flippen Investor, LLC) and have opened a business banking account starting with a $5000.00(X2) line of credit. I am studying Dean's Graziosi's real estate teachings (from all three books, a 3-Day Live PFRERN Training Seminar with it's home study course and everything that I can get off of this website), at the same time taking classes/webinars with my mother (a Robert Allen protege REI course), I am also working with two other Las Vegas area investors/partners to try to get this business up and running.

That being said, here are some of my questions:

1) Should my focus be on Wholesaling/Assigning/Flipping properties right now, and what types? (FSBOs, pre-foreclosures, REOs, short sales, foreclosures,...)

2) Are banks still accepting no-money-down 100% financing with a 30-60-90 day no payment offers these days to get REOs off their books? (I know they don't like "and/or assigns", but would "exact vesting to be determined at closing" work?)

3) Has anybody in the area done a "subject-to" deal?
(this sounds like a great way to acquire properties without having to worry about qualifying for a loan - I'd just be taking over the sellers financing, and could proceed to do a lease-option, correct...need more information here)

4) Is there anyone out there in need of a birddog, and what kind of finders fees do you pay? How quickly do you close your deals? What criteria are you looking for?

5) If I find a FSBO where the owner agrees to seller financing, what steps should I focus on if my goal is to do a 'sandwich lease-option' and sublease-option the property out to another renter/tenant and/or end-buyer? And, how could I create a no-money-down win-win-win situation?

6) Have you found this online group helpful, and how may we help you with your situation? If I can't answer your questions my hope is that someone else can.

Thank-you ahead of time for your comments & input...every little bit helps!
Wishing you all Happy and Healthy Investing.
Jonathan