This might not have been the best kind of credit to use as a construction loan.

Verifying last 2 years of rental history very important!

Wondering if you have any particular online companies you recommend that checks evictions, credit reports, collects rents, provides a lease, etc... all in one place. what are some of the pros and cons you have experienced with each company. thanks

If you have enough properties, you can ride a tenant issue with the other properties covering the cash flow/expenses of the bad tenant--especially if you have professional tenants who care about their credit score. 

Supposedly the second lien holder is a credit card debt collector, they were listed as the defendant in the foreclosure case.

I think more people do not understand the risk of seller financing. all the people I see applying for seller financing could not get a visa card there credit is so bad and there savings is from the pennies they find walking down the street. 

They didn't make a fuss over the due-on-sale clause because they valued the relationship and the steady cash flow.From what I've heard, smaller regional lenders or credit unions are sometimes more open to these kinds of creative financing strategies.

Haven’t had luck looking to local banks/credit unions because I know I’ll get that response. 

Credit score and experience level are the key factors to how much leverage we can provide you. the standard is 80% of purchase and 100% of rehab and those deals are the easiest and fastest to get funded.

Verifying last 2 years of rental history very important!