Overall, I just think it is of utmost impotence that although a deal may look good on paper, that you have an understanding of the city/ town.

See if there is a white paper on NM tax sales on Tax Lien Investor Association website. 

This is why I refer to most of these assets as having paper equity.

Bank portfolio program just means the bank hold the paper/mortgage and services the loan so they offer lower down payment options.

Once you have all of this in place you can shop for deals.If you have a good loan officer, they can pump out a term sheet for you within minutes once you find something viable on paper.

A lot of the neighborhoods you can find the great deals on paper, but you do end up with low ARVs and unreliable tenants at the rates they can rent for.

I read in the paper today that we are 7million housing units short in the US.

I recently listed several apartments and I would consider carrying paper.

I think a couple of things you could do....stay with same title company, but ask them to write it on different paper that will allow you to do what you want to do. 

Here's my experience summarized about the Midwest. https://www.biggerpockets.com/forums/48/topics/1165499-whats...The "cash flow on paper" for Class C Midwest (which is almost non-existent with 7% interest rates) will cost so much in repairs, capital expenses, tenant issues and it won't appreciate enough to make up for the losses.