They were strictly wholesale transactions.

You need to get the preapproval letter lined up before you place the bid or at least have a HML that can do it within a 24 hr turnaround time.HUD has some very strict paperwork requirements once your bid is accepted.

It seems counter intuitive, but the larger banks have more strict rules because they are working for the share holders.

Brandon how do you find a contracter that is willing to work under strict guidelines?

As broker's we are subject to strict compensation guidelines that are more stringent than banks too so that works out well for you in most cases.

I've been selling some and only buying ones that meet a very strict criteria.

I am going to a strict no pets policy because I cannot stand the smell of dog poop.

LOL) We are builders, so our viewpoint is somewhat different than those strictly investing to hold, etc.

We plan to vacay and scout out the area for our own future rental property.I would think a good property management is key too, if it's a few hours away.Or at least an infrastructure to "clean"/ inspect between visits.I have seen many different contracts. some just a page, some a novel.I have seen relaxed landlording based on the honor system.I have seen strict landlording with RULES and REGULATIONS.I have been in homes, where stuff broke and they were able to fix it right away...that is my biggest issue b/c this lake is 2+ hours awayOne vacay home had a local residence to help monitor their guests (us)

SEC strict laws on marketing for investors.1) Syndication- setup an entity structure to pool Canadian investors or professionals to invest in a multi-family property with me managing the project.2) Meetups- conduct meetings on 'Retirement Planning' (RRSP- IRA equivalent) or "How to Make $s flipping properties in the U.S."