Hey @St Paul Vital Thanks for jumping in and introducing yourself!

With respect to foreclosures, the most common reasons why a home would be unlendable are linked to its habitability.

I have found it amazing that despite how much I want to do this, old habits die hard.

You control where links arrive from Google Ads, and such, so it is less vital.

Yes Totally agree with Carolina, get in the habit of speaking with motivated sellers.

But I got caught in some interesting stuff.Sure, Bay Area, LA, Sacramento have scary prices like 3 bedroom houses for $1M and rent at 3,000.00 (far from the basic 1%), but I looked over cities like Fresno - the fifth largest in California, with 500k+ habitants and a lot of good looking demographic and economics numbers - and I've found several properties in the 100 ~ 200k range with some close to %1 rental numbers.http://www.trulia.com/real_estate/Fresno-Californi...http://www.zillow.com/fresno-ca/http://www.city-data.com/city/Fresno-California.ht...Fresno is just one city and California is a big state.

I have properties that i am fixing up that have no liens on them, so I figured I would go to the bank and use them as collateral for $300K in loans for some renovation.Dunlap - an unimproved but habitable investment property that should appraise as is at $200K+.

Contractually it's Problematic.Best practice: "Buyer vesting to be determine in escrow"Who's still teaching these bad habits?"

@Andrew Schaefer: I'm not aware of a specific list of things that the typical appraiser would look for on a conventional loan other than the house must be habitable. 

Caretaker would inform me of any repair/maintenance needs and I would call service contractors.5. rents would be mailed or deposited into my bank account.6. caretaker is vital to this process so compensation would be ?