I’ll also call code enforcement and check the county records just to see when things like roof/hvac have been done/permitted. 

More bonus points if it could look back at the borrower's track record and predict how they will do on a particular type of rehab?

You’ll need to handle inspections, work with housing authorities, and make sure your tenant screening process is solid.

We’re at or near record low foreclosures, you’re farming a hard row. 

Lemos: Quote from @Jay Hinrichs: well there is a few ways you can do that.. and Assignment gives the world notice that you own your % as its recorded at the county recorder. 

If its just deed than an attorney can redo deed and charge a recording fee but if a payment missed and mortgage company finds out they can request a total loan repayment.  

I document my inspection with photos so the condition is recorded from that point forward.

In most cases, neither is warranted.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

This would be in central Jersey which is still a hot market as a result of record low inventory.I am planning to do this strategy since I want to put low money down (10%) on a construction loan and achieve a quick build to lower my holding fees. 

He personally screened every tenant, handled every maintenance request, and even showed up to mow the lawn at his properties when the landscapers were running late.His phone rang constantly—contractors, tenants, vendors—all needing his immediate attention.