A few months later, we received a notice from the lender stating that we no longer had home insurance and needed to secure coverage within a certain number of days.As it turns out, our original home insurance was canceled because it required the property to be owner-occupied.

You will need to really start playing the long game though and focus on securing assets that have good underlying fundamentals as you will need to get more creative with the financing if you want to keep moving quickly.

I understand showings are part of the deal when a property is being rented or sold, but this seems like a huge breach of security and tenant rights.

Second would be leave the paid off one's alone and use them as a financial base and security.

Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.

Your decision comes down to how long you want to hold onto the property and whether you can secure financing to make that happen.

In that case, you would need liquid assets of at least $9,000 to secure a mortgage.Calculating How Much You Need to Begin Investing in Real EstateLet’s do the math to calculate how much money you would need to buy a residential rental property as an investment.

All good suggestions--if you find this becomes a bigger issue, one thing we have done in the past is offer back the security deposit in full to get people out. 

I've been waiting a while before I share all the details and start working with the feds and local authorities along with the news until I finally get this lien on the church to secure my 2.5M+ along with a local Pastor of a Mega Church who believes God gave him a miracle and owes me nothing but also best friends with Will Platt. 

It sounds like the oversupply is really affecting the market there, and with rents dropping by 8%, it might be tricky for investors to secure solid returns in the short term.