It is complicated. 

Many real estate investors swear by them, other people say they should never be used.The reality is that wraps are a little complicated if you have never done one and hold some small risk of a bank calling the note but CAN be a useful tool when used correctly with two (or three) willing partiesRegarding the terms of most residential mortgage terms, specifically the "due-on-sales clause", they generally say that the lender "has the right to call the note" but not the obligation.   

And it looks too complicated.

However, investing with partners or investors does make things more complicated.

Still need to dig around and research more, but we are new at this and just hoping it's not a silly move or there aren't any complications (i.e. need ing to do the LLC part at purchase-time or getting in trouble later saying "hey we have an investment LLC that owns a piece of land.

It's not really that complicated to buy out of state nor is your success really dependent on which out of state market you choose.

@Neddie Smith, I know people who do stuff like this with trusts, but it is complicated and I am wary of it. 

I found a potential property and I think that's where the "extra" square footage is coming into play (the house has 2 bedrooms and 1,100 SF).I'm assuming adding a bedroom here may be more complicated because of matching the siding on the house - probably not worth the cost but I'm not sure.Anyone have experience with something like this?

First post! I have been lurking for a few months and feel like I am starting to understand enough to ask specific enough questions, so here goes!  (Note: I will update my profile and do a noob post this week)I recentl...

Subtle discrimination also complicates their search.In June, there were about 1,800 rental homes in Clark County, which includes North Las Vegas.