If the deal is good enough, they may not care about your credit as they would take your good deal if you don't pay. 2) HML will look at credit, but if a great deal, they may let it slide, but require a higher down payment.

I believe there are guidelines in place for homes that cannot be occupied by the owner due to hazardous conditions.Theoretically, the costs of ownership in the first year (and subsequent years) are covered by renting out the spare units.

I think it sets a bad precedent and do not consider it a reasonable law but the assertions in the original post are substantially false and inflammatory as can be seen by the subsequent comments

Managing a small portfolio of lower class C properties, I've experienced applicants lying about just about everything to try to slide their way into an apartment.

Say you find something that needed major rehab that you could acquire for 80k, needs 70k rehab but the ARV per the appraiser is 200k; I can put like 10 down and secure the construction loan, the first draw would be to acquire the property and then I can take subsequent draws up to 160 to cover the rehab/holding costs.

If you buy a tax lien certificate from the county (the new online sale by county), what happens to the subsequent year taxes if the owner does not redeem the tax lien before the following year taxes are due.Can the owner directly contact the county and pay the next year taxes when they become due Or is it required to let it go to the next year tax lien auction where the original tax lien investor may not get a chance to buy.

@David CervantezTransactional funding is a short term loan used to fund the acquisition (ab closing) in a same-day double closing so that you can subsequently sell to your end buyer.

I have one tenant who hasn't paid in 6 months, broken 6 of the 7 windows in the unit, put a hole in the hallway I just had skim coated and repainted, kicked in the front door to the point the jamb actually came out of a plaster wall, broke the glass window on their apartment door, broke the shower glass door, broke another small window on a basement door, kicked in a door leading to the mechanical room so their homeless friend could sleep in the room and subsequently died last week of a heroin overdose in said mechanical room.

I find the Tellus app easy to use and it includes all the features you’ve outlined in your subsequent posts.

@Robert Obniski comission is governed by the listing contract and subsequently by the MLS.