Like me, you’ll quickly discover it’s not a walk in the park.

A water line burst in the 3rd floor ceiling and by the time I discovered it there were beautiful waterfalls from the ceiling on each floor and severeal inches of water in the basement.

The property had a first mortgage, as well as a second mortgage, both from the same purchase money lender.After receiving the trustee’s deed and recording it, I discovered two “Independent Solar Energy Producer Contracts” recorded against the home.

So far the concerns I have discovered would be things like control of collateral, maintenance requirements/margin calls, and various fees that may be charged on quarterly or annual basis.

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Simply put, there are a few ways to go about it and we will share our most effective techniques with you below.Use the Search Feature to Discover Motivated SellersWhether you’re spending time on Facebook, Twitter, Instagram, or another social media platform, the search feature could come in very handy to help you discover motivated sellers.

Very simple - tell them to call me if they can't figure it out.I would not tell the tenant what I was doing and if it was ever discovered that I had done it - I would explain that I did it as a standard safeguarding of my property - in case the original thermostat should ever fail while no one was there to monitor the space temperature - the backup thermostat would save us all from freezing damage.

The challenge, as you’ve discovered, is that traditional HELOC lenders typically want the property titled in a personal name rather than an LLC.

I do an AI for REI seminar and just discovered a new tool I'll likely test out soon. 

I assume documentation was a top priority here when discovering the property's conditions.