house with back wall missing land fill former gas station former dry cleaners former auto repair garage properties with millions of IRS liens swamp & wet lands flood way property unbuildable landlocked property with no access lot in subdivision never approved by authorities properties with multiple tax sales (title uninsurable) in the chain of title properties where the owner was claiming adverse possession but never filed court documents meth house property claimed by more than one owner gun toting neighbor gated the tax sale property claiming it was his (I say never argue with a man carrying a gun) basement filled with water for last several years 20 year paid up land lease, you would own the land but not get any rent for the next 20 years because tenant pre paid to former owner (commercial property) CATV antenna tower land lease, tower was already torn down and land was owned by somebody else.

Slumlords, they rent trash or they overcharge for the property or both.If someone doesn't have the means for decent housing, send them to the housing authority or non-profit housing providers instead of preying on them.

I've run the numbers for both and given my capital ($30k), it is about the same out of pocket to do either, and both scenarios will net me roughly the same monthly cash flow ($300/mo).Purchase another SFRPros - diversification, another property in my portfolio, another property that someone else is paying down the debt, new property would provide add'l depreciation,Cons - more leverage, another property to maintain, rent, mortgage, take on more debt for same monthly cash flowImprove existing SFRPros - improving an existing asset, no addition debt for the same monthly cash flow, less to manage (property, tenant, etc...) long term, increase equityCons - increase my exposure/cash in a single property, less leverage, more to damage by tenant, more equity tied up in one propertyI recognize the pros/cons are not an exhaustive list but just some of the things I'm trying to think through.Are there other "big rocks" I'm missing?

Next you will want to talk to a civil engineer about what it takes to do the survey, draw maps, and submit to the State or whatever agency has authority over subdivisions in your area.

In Maryland, I highly recommend Susan Kleinhammer and the firm of LEADTEC for this service, they use the xray gun to measure lead levels in the property.The courts recognize the xray gun findings, just make sure the gun has been serviced and calibrated by a service professional.

Great way to pick up some good info and possibly a deal.Finally download the newest free book on BP Chapter 10 has some useful info for you, the fact the author is handsome is just a bonus.http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck

I am already pre-authorized at my primary bank for mortgage considerably higher, but they are telling me I would have to wait 3-6 months to apply for equity or construction loan (and clearly no guarantees we would get it).

To get it to stop, advise them that a neighbor observed that behavior and told you about it, and that neighbor said they will report it to the authorities if they observe it again.

Angel, I knew this was going to be an issue, having a mortgage originator's license doesn't qualify one to underwrite a SF deal, they may have the authority to do so but finding one to take responsibility is another matter.I suggest you call the consumer bunch at the CFPB and let them know the difficulty.

A loan officer registered with a valid NMLS# is the only person authorized to originate such agreements / loans.Am I missing anything important with regard to compliance when offering a rent-to-own solution?