Initially the seller receives what constitutes the majority of the rental income until the principal paid establishes the desired down payment and the second part of the note simply continues with what would have been agreed if the down payments had been paid up front.

But in reality it takes people with extremely strong constitutions and nerves of steel to buy when everyone else is selling.

Perhaps your market is different than mine, or perhaps the wholesalers are not getting deep enough spreads for you to constitute a higher fee.

If you want to go back to the Constitution, and the Bill of Rights, I don't recall any promises made to the citizens and saying they would not have to contribute to the cause.Do I trust the President under those statutes?

They contain comprehensive definitions of exactly what constitutes the UNIT and what constitutes the COMMON ELEMENTS and where the boundaries are in between the two.Marle

However, your contract for deed may not constitute a valid lien and if the owner of the MH assigns or creates a lien upon the real property, it can become superior to your arrangement.

I wanted to start a thread not just to discuss what constitutes a war zone, (the number of murders, violent crimes, drugs in one area may constitute a war zone to one investor but not another) but more specifically to see if anyone out there on BP thrives in this "niche" market.Someone owns those house in war zones, and with as much as you see/hear/read about avoiding them there is potentially money to be made.I'd like see if anyone is willing to defend such an investment strategy, and I understand the issues that come along with it.

Paying a homeowner anything without pemission from the bank could constitute fraud and teh short sale lender could come after you.I have also heard of buyers paying for the moving truck for the seller, again, this is even more clean and hard to trace back, but still in the grey area.

Safe Act doesnt say anything about whether transferring title has any impact on applicability.In Texas, TDHCA regulation states that you transferring title into another's name constitutes a sale rather than a rental though but other guy does not live in Texas.

Realtors are in business to make sales and make money, not advise people in legal matters, but in this case, the Realtor was either grossly misinformed or just plain lied to make a sale.You can read all the regs, laws and contracts you like, you won't find any period of time that constitutes a holding period for an owner occupied home.