Only thing though U want to do this through title at least pay for a title report when you do a deed in Lu your taking title subject to all things on it.. and there could be junior liens or loans to you.. that if you carry through with the foreclosure they are extinguished.. so do check first.then if that's clear make a deal with the first.. your either going to end up owning it.. or maybe the greater fool theory will play out and someone bids it at the sale and makes you whole.. or you can lower your opening bid to make it enticing. you don't have to start your bid at 1oo % of what your owed.. during the crash I did this often I knew at 100% of what I was owed I would end up owning it.. and having to deal with it.. but if I lowered my opening bid to just get my principal back many times it sold a the sale. and I did not have to deal with it past that..

The professional who knows who they're doing for $100/hour or Bubba down the road who does it in his spare time for $15/hour, carries no liability insurance, and will not be there to make things right when your engine blows up?

@Rich Hupper FHA mortgage fraud carries a maximum 30 year prison sentence and $1 million fine.

Even if you are successful, lawsuits take time and if you are waiting for the money to finish the project the carry cost will eat you up.

Carry on with your day-to-day business. 

Ventless because I am afraid of dryer fire due to tenant not cleaning lint.Having a washer hookup in NYC apartment is priceless as it really sucks going in rain, snow etc and waiting at the laundromat and carrying the large load back.Thanks again for your time. 

And be sure to check with folks other than your family banker (where you carry all your accounts) - you'd be surprised how much price / term shopping can save you on each deal.Best of luck to you and I look forward to following your journey!

Every month I carry cash to my bank branch to pay down the balance of my mortgage, I've been doing it in the last 6 months, because I happened to have cash.I know if I do the same thing to my checking account, it could be flagged to the IRS as "structuring" or "smurfing", but does that apply to mortgage too?

Lovely couple hitting it out of the park.  75 Rental Units in Their Early 30s with Jason and Carrie Harris | BP Podcast 288:  https://youtu.be/W9TZLVTfk6E

This assume no carrying costs.