For calculating IRR, use the total cost of acquisition—this would be the mortgage balance plus the 50% buyout equity and any closing costs.Regarding refinancing, assuming the loan under the Garn-St.

He has a conventional mortgage at 3% and sadly it's not assumable.

Talking to people who had solar they were paying $3-4k in fees due to price spread.

(I assume you won’t find a 1 hour a day type person.

You are not competing with as many people.   

Documents are somewhat structured but not anywhere near structured data most scrapers have to/used to getting and thats assuming they are available to view at all.

In your case (TX), and assuming you want preforeclosure leads, the rough process is a). the borrower is sent a notice of default after missing several months payments (usually 3m).

You can use alternate financing (assumed loan, sub-to, owner financed, etc).  

I'm assuming it's intentionally difficult to find, which is unfortunate for a company like biggerpockets. 

Let's assume yours is really nice and rents for $4,000.You have an original loan of $220 plus a $125 rehab for a total loan of $345.