I certainly can't say if I cant resell your home I'm not buying it...I dont think an inspection contingency is really sufficient,right?

The fund which requires $500,000 minimum investment focuses on buying non-performing credit card debt in wholesale quantities and prices from major card issuers and then converting some of it into current, paying debt.

Remember, notes are sold every day in bundles of multiple millions of dollars, they are a standard financial instrument, just like government and corporate notes and bonds.The money comes when you buy a note at a DISCOUNT sufficient enough to earn you an ABOVE MARKET RETURN.

The number one reason they fail is that they don't have sufficient cash flow for their business to survive.

Perhaps even 10% may not be sufficient.

That's not real expensive and I've done some of them myself.I've seen older places that the service panel was sufficient but it's probably not, probably from $900-$2K to fix that.Older houses don't have nearly enough outlets per foot of wall space, again it's not difficult but if the electrian is there he can do those too.

I discovered it last night and probably read the entire REO section.If I get a Limited or Special Warranty Deed on a bank owned property, will my title insurance be sufficient protection?

You said something about not connecting the lease and the option fee, is that sufficient to circumvent the executory statutes?

What I want do was compare what I have to what others have, and to know if what I have is sufficient or will I run into problems when I actually have to enforce this section of the agreement.Thank You"Tenant(s) agrees to pay all costs, expenses, collection and attorney's fee, as allowed by law, either expected or incurred by Owner/Manager due to any breach or default by the Tenant(s) of any terms of this contract."

I'm just thinking out loud here.I'm assuming that as long as a sufficient percentage of the rent covers the mortgage, taxes and insurance, then this wouldn't hurt my chances of acquiring a second mortgage for the purchase of a property in Florida.