Low income tenants were very difficult to deal with, because they simply didn't have savings and any emergency resulted in them using rent money, with the idea that they'll catch up before the eviction was finalized.

Good catch.

so to be successful at this end of it means.. you need great contacts at your title company that will give you a lot of information and also do a date down literally on the phone with you.. you catch 97% of what needs to be caught but your still taking risk.you need to be able to prep your own docs.. you need to get the seller to a reputable notary  preferably at a title company your going to end up using to resell so they know the deed was not forged or coerced .. then you need CASH to either pay off the loan that day or reinstate it.. you need great relationships with the trustee's handling these you should be on first name basis with the person in charge of the file.. then you need courier service to run the cashiers checks ( in my instance from Portland to Seattle to NW trustee services). 

Thanks for catching my error.The property is in Houston, just inside the loop in Shady Acres near the rapidly appreciating Garden Oaks/Oak Forrest area.

I did catch my wife wearing one when she was sanding drywall.I remember we completely rehabbed a bathroom while the tenant was away & when he came back he was surprised that we had replaced the entire old shower fixture with a new Kohler.

The catch though is that its not for an investment ha :) Its for my mom, she is looking to downsize and I've both gotta figure out what to do with her current property and find a new one. 

I simply warn people about shady turn key operators, which we both know exists in this industry.Thanks mate,I should be at this years IMN also.Let's catch up.Columbus in my opinion is too expensive and doesn't have the cashflow like a tertiary market like Toledo.Plus, there is lot of competition there.Yes, the potential for appreciation is higher but betting on appreciation is speculative.I like looking at the fundamentals of the deal and not getting swayed by the data.Data can easily be manipulated to make any market look great.Finding the right team that knows what they are doing is a different story.Thanks again.ps.

I'm strongly considering removing him.The catch here is that I am a licensed real estate agent, but I have never actually used it to represent myself in a sale (I've always just used it for referrals).

You can not catch up in year X if you did not raise the rent during the prior years.

@Drex TannerIt's a catch 22 really, a good wholesaler is not going to be easy to find, because they are not looking for buyers.