That probably doesn't work well for rents, and the neighborhood will look beat up in 10 years, when almost every house got sold to investors.  

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Post back if you find another lender who serves you well, and I will add them to my list and pay it forward.Ridge Lending All in One, first position HELOCAmericafirst 80% LTV on noo 65% LTV UtahArvest Bank AR, OK, AL, MO Bank of the west BB&T will loan on a rental portfolioBBVA Compass Boeing employee credit union California: Cal Coast Credit Union and Fremont Bank.

I'll be getting several more opinions from other plumbers as well.  

Yea they would keep that in place and you'd get a second position mortgage for the rest at, well, higher than todays rates.

1) 50% rule is a well accepted generic approximation 2) hundreds of underwriting has shown it to be fairly close for my underwriting for a SFR purchase in San Diego.  

It took us well over a year to find the property we're buying.

Well I have seen this come into play - I had someone who has a note in florida that was a non-owner occupied loan and the lender claims the borrower failed to make payments on this and attempted to record the deed in lieu.

Plus we also able to negotiate a frigerator (not part of standard package) as well as blinds for all windows.