Where I see some break down is this referring folks to rehabbers that are really not ready for prime time.. they either don't have the people skills.. they want to cut corners .. and or some are just nefarious in nature.

That's not to say that other Title companies won't "work with" investors, but the "work" you are most likely referring to is legal in nature and in providing those services as an inducement to get your business, these smaller title companies often knowingly walk across that solid yellow line. 

Downsides are you will have naturally high turnover and must account for the costs involved in those frequent turns - I did not factor this in when I first started.  

Chris Mason  not being a retail lending expert.. the folks that bought the manufacotred duplexs from us got loans maybe of a commercial nature and not FNMAthe stuff I am doing in Oakland now is all SFR.. so no issue there. and NO I don't tear the tag off.we affix it to a permanante foundation it becomes real property.

Unfortunately its human nature, but when we offer help with financing to people who need help, we have to help them.

Is it standard procedure for a bank to verify and clear all liens on a property before they list it REO on the MLS?

I live in the Sacramento area so naturally I've been analyzing property close to me.

In addition to the book you've read, you may want to check out the Book on Managing Rental Properties, it may help you determine the right policies and procedures to turn that property around.

Now we are waiting for natural appreciation over time to slowly return us to them prices, it's been 10 years, we are getting close in some areas.Best

This plan also provides checkbook control, but has some advantages due to the 401k nature of the plan.As with anything, there are document providers and true professionals.