The problem is if you are buying "turnkey," the chances that you have enough equity to refinance right away are probably slim to none

You could file in conciliation court for unpaid rent and damages but chances of getting any money is slim next to none, even if you get a judgement in your favor you still have to find a way to collect it.

Then the inventory is even further limited for the rest of us who know the numbers and aren't willing to pay list price.MLS deals have been slim here, but hopefully next spring will prove different.  

In this area, that is over 100K in cash which could easily take 5-10 years to accumulate with other debts like student loans, car loans, rent, marriage, etc to pay for even if I do slim my spending down to just the necessities.

They can also see the filing process that the bank did, the risk to the title company is slim, such as a wrongful foreclosure.

I also agree with @Robbie Reutzel - Owner financed deals in this area are slim pickings, I'll stick up for you Rob, Thomas Franklin was harsh.  

(Chances are slim though because to get a refi, you still need a good DTI.

IE: as long as you make payments on time, the likelihood of the loan being called due is very very slim.

I've found some west side of Worcester areas that will definitely get me my desired results but it's very slim pickings and majority of the houses available are on streets that are hit or miss as far as good/bad streets.Seems as if you were able to affective lot rehab parts of the house to.

This is my first deal, and feeling a little scared, I know the margin seem very, very slim.