If they collect 300, they could recover that 25 months, depending on efficiency, they might raise that in 5-6 years even without raising fees. 2550 rent on a 200k house on a hot market is a no brainer, sure hope there is appreciation.

I've been reading about these folks on BP buying properties cheap at tax auction, fixing up/making additions, and renting out, recovering all their cash invested within 2-3 years.  

Another is when it was a MERS "assignment" that is now being recorded in public so that the actual holder of the mortgage and note gets to recover the collateral or proceeds.

I am conflicted on what is best as I see good and bad to doing either.In park name - easier to manage administrative work, ensure taxes are paid, easier to recover if owner walks away or quits paying park rentIn buyer name - they pay taxes, if home is damaged would seem to limit park's responsibility, no insurance costIf value of the homes is an issue, the mobiles in question are of low value $2-10K ea.Again, looking for the industry best practices on this.Thanks!

From my experience, at our local level, I have networked with a few small lenders, i.e. credit unions or small-scale banks to see what lending models and options they would do.Make sure that you can stay under at least 70% of ARV with acquisition/repairs/fix costs to recover your equity.  

I live in Massachusetts and around where I am situated the market is starting to recover but Foreclosures are still everywhere and are still coming to the market fast and furiously.

We also have a tenant who is a recovering alcoholic and formerly homeless who needed a solid place to get away from family and "friends" that were enabling past behavior.  

First, we need a bust to occur so there is something to recover from.So in the mean time, I think people buying for cash flow and getting hefty returns in markets with improving employment, growing population, and low vacancy are probably making a smart move.  

I have been spending the last few weeks figuring out how to recover some money, I have talked to attorneys and they want on minimum $4,000-$5,000 to file a civil case but I am only suing for around $8,500 for the general contractor so it really doesn't make any sense.

If, when neither the legal title nor possession of the subject matter of the contract has been transferred, all or a material part of the subject matter is destroyed without fault of the purchaser or is taken by eminent domain, the vendor cannot enforce the contract and the purchaser is entitled to recover any portion of the price that the purchaser has paid. 2.