Moreover, Japan tends to see constant new construction, meaning there are frequently newer properties to compete with.  

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

You can't get "clear title" until all leans are cleared, whichever way that happens SOMETIMES, but not frequently, the 1st and 2nd will combine and both will be included in the auction.

Now, I didn't say don't do SubTo, what I clearly said was learn the ropes before committing to a property.

Hi Kyle, I recently moved from CLT, but frequently work within the market.

This purchase exemplifies the commit and then figure it out philosophy.

I’m drawn to the endless opportunities the Texas market offers and am committed to building my knowledge and skills to make smart, strategic investments.Right now, I’m focused on understanding the basics—everything from evaluating properties and navigating financing to learning about the unique aspects of the Texas real estate market.

This is usually a 12 month commitment that is "Interest Only" and after you finish the rehab and get a tenant, then you refinance into a DSCR loan.

Will make this pursuit their full-time job for the next several years, and commit whatever they have, aside from a suitable personal emergency fund, to the thesis.  

-Jon It is "How to commit mortgage fraud" in a nutshell.