Will there be excess supply of houses in the years to come after the baby boomers are no longer living in single family housing?

Additionally, when completing the refi the reason supplied for doing the cash Out Refi would raise some eyebrows I would presume, but I figured the bank would just ensure those people are actually paid off much like they would with a reason being for a cash out to pay off or consolidate debt with me keeping the excess cash.

I am in Pittsburgh so I dont know if the process is different in your area but sometimes you cant sell the property with good title for up to 1 year so your holding costs can be excessive.

Telling your buyers rehab is $20k, and the house needs everything, I see laughable and will only end with no buyer, and the wholesaler backing out leaving the actual seller high and dry.

I agree that charging each landlord $250 to maintain this list is excessive.

To address that, we underwrite our deals to a 10 year hold, with 10 year financing and excess cash reserves.

An umbrella policy provides excess liability coverage above and beyond your underlying policies for those worst case scenarios.

Just a little about me, I own a painting company, however, we do custom cabinetry, dry walling, flooring, etc.

If the bathroom really hasn't been used in a while it is likely that one or more of the traps have dried out. 

Since refin has really dried up here in Northern CA I hear desperate escrow officers begging for work or face cutbacks.