If you can't find the owner and arrange for that one too (either for your own uses or a wholesale) I wouldn't do it.

If you're leasing it out then you're on the RE side.Leasing that you can go to the sq ft market rents and you can go to a lease plus arrangement where you take a percentage of sales with a base rent.

Boosting the price is what the scammers do, you can fail to meet equity requirements and that can keep you from refinancing as planned based on your contract arrangement.

I love TX for investing and would like to know about these properties you are looking at.I am a full-time professional RE investor and perhaps we could set up a JV, a birdog fee, an assignment fee, or other arrangement and do these together.Contact me so we may disuss this in detail.

I told the long story for a reason.In the 8th month of this arrangement the owners (couple) were away from the country for 6 weeks and obviously the tenants knew this.

Active participation exists so long as you participate, in the making of management decisions or arranging for others to provide services (such as repairs), in a significant and bona fide sense.

I talk to the owners, make the bid, pass the money to the seller, arrange for the closing.

These sponsors may wish to arrange for a preapplication conference with the local HUD Field Office for advice on the best program for the sponsor, and to discuss HUD procedures and requirements.Application:Any person or sponsor can apply who is able to meet the cash investment and credit requirements and to make the mortgage payments.

That additional risk is reflected in a loan portfolio (secondary loans or not) by reducing the LTV to 75% but this is not a hard rule in a portfolio loan, but generally accepted as being a more prudent banking practice.There is no seasoning requirement, generally, by any regulator but by loan guarantors and mortgage insurance that may cover a loan portfolio obtained by the lender or in hedging arrangements.

Some lenders are willing to work with you by reducing the amount owed or making other arrangements.