Hi Julio,Depending on how many properties you own/Value of said properties and your loan balance.There are some private lenders willing to blanket 2nd position loans if the LTV they are at feels safe.

But the first thing is, you definitely need to be in a position of strength.

At this stage, you want to ensure that the property is cash-flow positive, meaning the rent covers expenses and leaves a profit.4.

Look at the positive side because that alone will likely save you from dealing with some headaches other landlords do. 2.

you giving way to much benefit of the doubt to the realtor. especially new builds and salaried employees it's a whole other animal. thanks for the law brush up

By leveraging an FHA loan and conducting thorough research, you can position yourself for success in the Wilkes-Barre/Scranton/Allentown area.

However, if I have a low salary and this building is a little older but has good upkeep, the rent is fair and my landlord is decent.

If they're looking for $10,000 seed money and you have $10,000,000 sitting around - plus the due diligence checks out (legitimate opportunity) - that's relatively low risk for a good upshot.If they're looking for $50,000 seed money and you have $75,000 liquid, absolutely not.Personal financial position, coupled with due diligence, are important.

If the investor has agreed to put you in first position (lien) on the property, then that should also be visible on the insurance policy declarations page - under "Mortgagee" you should be listed as the 1st Mortgagee.

Is this a net positive or negative for Memphis?