Are there any success stories where the bank finally accepts below the unknown reserve?

but I am seeing a glaringissue when I come across deals in Long Island.There has to be investors who do business in those areas but they seemto be hiding for some unknown reason.

Also unknown is 1) How long the "bad tenants" that you want to get rid of have lived there, and 2) what is the extent of the "remodel" that you want to do?

All of this, just to get the house ready for inspection; and then there are still a handful of unknowns that could kill the deal during inspection.On one hand, it seems crazy to invest that much time/energy/money into a property just to get it ready for inspection.On the other, it seems like a silly variable to potentially kill the deal- I've gotten seller down on the price quite a bit and I do feel pretty excited about the property from what I know about it so far, but the projected rehab budget is already stacking up and I'd like to have as much info as I can possibly get regarding other potential rehab costs. 

Like already mentioned, your focus needs to be on “buying right” especially with your first deal to give you enough margin of safety between the unknowns.

Too much time for things to be unknown and disclosed versus every month, every 3 months, or 6 months etc.Kind of like a car tune up.

The thing I hate about construction (yes, even our "manufactured homes" have construction, when they are moved to a new, permanent lot), there all so many unknowns, and things that change on the spot, no matter how much research is done.  

I have looked on the site many times but with all of the documents, lingo, etc associated with each property, I do not want to get in over my head with unknowns. 

There is nothing new or creative about non-traditional financing or unconventional financing or sub-prime financing.No, I'm not really being picky, because there is such a thing as "creative financing" which is almost another unknown world to real estate investors or operators.Creative financing is the use of existing assets or newly acquired assets being leveraged or pledged for a debt arrangement.

These transfers of my $48,000 were unknown to me, the buyer.