In particular B2R, COGO or any of the smaller outfits like Anthony Lending Firm?

As I'm sure you know, there are a deluge of Australian outfits sourcing turnkey properties in the states.

To get one, you typically have a testing outfit come to the house and test for the presence of mold; when they find it, you have a licensed mold remediator come out and write a scope of work (this is an official - and expensive - document); then they come out and do the actual remediation work; then they test again and either issue the certificate or repeat the remediation process.

Keep in mind your income on a property may cover the nut and you may be cash positive but if your Schedule E shows a loss on the properties those will be considered liabilities to a lender who calculates income (again another reason an outfit like mine exists).

Hi Michelle,It depends on the private lender you're going with some local outfits will not require appraisal as they have their internal metrics, they know the area, and may only do a drive by.

Of course, I've never done such a thing before, except for one particularly close call dealing with an outfit that had since gone bust (thank god I didn't use their services to begin investing).

I worked for one of the bigger turn key outfits( co owned) Charlotte is like most markets there are good and bad areas.

Here they have a list of free or inexpensive and legitimate resources to help the borrower:http://www.hud.gov/offices/hsg/sfh/hcc/fc/None of these agencies will solicit them, so you can gain trust by warning them not to work with these outfits calling them on the phone or sending them mail.We also send them to the Making Home Affordable site.Most mods fail for many reasons.  

I have been operating as a franchisee of one of those home buying outfits for the last 2 years and quite frankly I'm unable to make the business model work right now.

I would either go to work for a big commercial outfit or a resi outfit..