I think because this was a house hack in an area we wanted to live in, I let emotions cloud the numbers.

Hey @Anne Williams, here's my two cents.What I always tell people who are buying a place to live in is to have a list of "must haves" in the property.

It shouldn't be that hard to pull county records and really dial this in.  I

@Josh Stanley, the CapEx I am estimating in is for the unknown down the road, and is in addition to the rehab budget (which I guess would also be a CapEx). 

This strategy is hard to do in an extreme bull housing market like we are in. I

Hello Everyone,I wanted to know if anyone has any experience wholesaling and flipping properties in States they have not been in. I

A long-time resident at where I'm now living told me when a previous owner (that went bankrupt) started accepting HUD tenants, "that's when the drugs came in" (I wasn't living here then to be able to confirm this assertion, but I have no reason to doubt it).The same reaction happens in business ("street fighting" and "lifeboat ethics").

. :)  is HML  and I am thinking wow .. this is going to some heartache and sure enough some of the folks that posted have done like 10 loans and 7 are in default.. the foreclosure time in NJ and NY two states I personally would never be a lender in is 2 to 3 years.. and by the time you get the asset back its ouch time.. and that has played out for some folks and there is a high profile one in Atlanta that has been going on for years.. suppose to sell at 6.5 million and its listed under 3 now.. although I think they may get their principal back or most of it but its been 2 or 3 years.. and you know how investors get stressed.. and then the other issue I saw coming with crowd funding .. and remember my background is I have owned 2  Hml companies over the years one of them in Oakland CA with 250 clients and about 50 million under management.. these guys went about raising money from 5 to 10k investors and would literally have 20 or 30 investors in one loan..

I have gotten financing on a duplex that was going to owner occupied and had 2 active tenants.you just have to move in, I seem to recall within 30 days, but I haven't ever had anyone ever check in to see if we had moved in.Now for full disclosure, every time we have done an owner occupied loan, we have planned on and eventually moved in, and I would not commit fraud by taking out an owner occupied loan and never move in. 

Assaf Kehati what area in Pa are you looking at investing in? I