If the bank/lender doesn't care if you are double closing, then it doesn't matter.

Its strategies include adding bilingual loan officers and creating alternative credit-scoring systems that take into account rent, utility bills, child care expenses and medical payments.

If anybody would care to post on this thread, or link me to any previous posts, I would very much appreciate your feedback.

As far as maintence, they are easier to take care of than a septic tank.

Homeowners don't care about POF's and they don't want to see the cash.

The actual federal RESPA laws that govern closing procedures actually state that the buyer is entitled to pick whatever title company they want since they will be living under the title insurance, but most people don't even know that or care.

If the area has an extremely low appeal (war zone) then you will be dealing with tenants that won't pay on time, won't take care of the property, and will leave on a moment's notice.

Be careful promising that no one will try to sell anything.

I currently have a property manager employee that takes care of all the day to day management duties.

He bought from me for $180K and still had some equity in it according the appraisals we had done.Now 3 and 4 units is usually about as close as I get to the residential investing (I just don't care for SFR), but I know a few guys who regularly see similar numbers on their deals and they swear by SFR investing.The biggest key to being successful down here is that you really have to stay on top of the deals as they come on the market because the really good stuff is usually gone within a few days.Originally posted by "reloaded":Please post some of the deals...ie pricing etc.