The hardest part of long distance land lording is cementing the relationships required to sustain your business.

I decided long ago that I want single family homes in B & C class neighborhoods that are sustaining or growing in population.I come across a lot of investors at my meetings that are encouraging me to invest in Cleveland multifamily homes because the cash flow is so amazing.As mentioned in previous posts - I have a business that provides me with 6 figures + right and growing - so cash flow is not a problem.

But when you buy a note and then in a timely manner sell it and profit from it, you then appear to be in the business of dealing in notes, license required.

Mortgages and Deeds of Trust change ownership in the exact same manner.

@Rob K - you know that they can do things like hook-up utilities in an illegal manner, for example. :)

Steve Babiak I am not sure what you meant by your comment, but I ask that if you do respond to others questions that it is in a manner that is adding some knowledge to the topic at hand.

Your total cash on hand at closing, divided by $1100 would have given an indication of how long you could have sustained this.I think the answers to these questions, and the prime cause of your present problem is the GREED that popped up at the mention of CASH BACK AT CLOSING.

Especially with Deutsche.The bank/asset manager has potentially thousand's of properties, and the only way to dispose of them in an efficient manner is to follow set procedures.Most banks/firms use "Teams" or Dept Sections to complete the following tasks as quickly and efficiently as possible.

Good contractors work in a "workman like" manner.

Can they sustain the business from membership fees?