If you buy a property with a family in it, you have 90 days to begin the process of deleading, if you go over the 90, you become liable if that child has an elevated lead blood level (LBL).

Then you'll need private money or hard money to buy off future anticipated value or ARV - after repair value.The only lenders who lend off this with limited or no documentation are PM's (private money) and HML's (hard money lenders).The rest of us bankers are going to ask you for everything including your blood sample (joke).On a serious note you'll be required to furnish:- most recent 2-3 years tax returns, mostly two years, and sometimes one year tax return if you're self employed - most recent 2 months bank statements to document your down payment and closing costs- most recent 1 months paystubs - copy of drivers or state issued ID- more items depending on your scenario + lots of explanation letters if there are gaps in your residence history or employment history in the last 2 years or inconsistencies in your credit report, statements, or tax returns.There are three legs to lending - 1) assets, 2) credit, and 3) income and the more legs that are verified the lower your rate or better your terms will be.with PM and HML its mainly just asset and personal relationship so your rates and costs are higher for bonifide reasons.

I even started to wonder if maybe I should wait for the stock market to crash again, and then just put money into the stock market when there's "blood in the streets".

Plenty enough pro-landlord posts to sustain the thread; they see the easy cash-grab and frenzy like white sharks about blood in the water. 

I keep thinking things will turn around for Detroit but until some fresh blood moves in,  normal people, I just dont see it ever happening. 

If he really is licensed, inform your secretary of state/licensing dept. and find out if you have recourse against his performance bond.Your best bet after that would be to then sue him for liquidated damages due to his failure to perform (Your time and trouble, the cost of the other contractor) ... bear in mind that if he doesn't have a bond, this may be like squeezing blood out of a rock... cost you more in legal fees than you can possibly hope to recover.

The personal buyer market is hot and so is the REI market...... if it hits the MLS its like blood in the water for a lake full of starving sharks...its dozens of bids and outrageous prices.

For that matter they can ask your shoe size, blood type, and your ethnicity.

 When there is blood on the streets… Or in this case water – it's time to buy --when everyone else is running for cover

Most might think he's a jerk for that, but the minute one hyena takes a bite, they all come running for blood.