The tenant base for homes that rent for 1.5-2% at a $50k entry point nationwide share the same problems and issues.

I am trying to gather some information regarding the size of the real estate hard money market nationwide and by region.

McLennan CAD Property ID:xxxLegal Description (partial):xxx Block 3 Lot 4B 5 Acres 0.2083 ADDRESS: 2222 xxxx Ave.Waco, Texas 76706-2906DWELLING: The house and outbuilding(s) located at the above addressSELLER:Maria S xxxBUYER:Waco House BUYER, LLCTERMS:$xxx CashTerms and ConditionsSELLER warrants there are no outstanding “fix-it” letters or letters of demand for repairs, code violations, hazardous conditions or red tags from the city, county, or any other government agency.Offer is contingent upon BUYER being able to obtain a standard fire insurance policy.BUYER agrees to waive standard lead-based paint and asbestos tests required for older properties—years built from 1938 to 1952.SELLER warrants DWELLING is “hooked up” and serviced by city/county water and sewer providers.BUYER has observed marginal condition of roof on the DWELLING.

Another notable point is that the owner now owns the deed free and clear so there is no outstanding mortgage obligation to her.The last thing is that the building had been on the market for over a year and was originally listed for 149K and she has been methodically reducing the list price by 10K every 3 months.  

Outstanding!  

I'm a professional in short sale processing and I would like to expand this from Arizona to nation wide business. 

So it is very possible these properties have outstanding mortgages and I need to do my homework on the title search

Another example from the same auction where the certificate holder didn't come out as well is this onehttp://www.pinellasclerk.org/tributeweb/ShowPDF.as...The certificate holder had the 2010 certificate with 2008-2014 all outstanding.  

As long as the relocation meets the two requirements above.Increase in Family Size - A borrower may be eligible for another house with an FHA-insured mortgage if the borrower provides satisfactory evidence thatThe has had in increase in legal dependents and the property now fails to meet the family’s needs; andThe loan-to-value (LTV) ratio on the current principal residence is equal to or less than 75% or is paid down to that amount, determined by comparing the outstanding mortgage balance to a current residential appraisal.Vacating a jointly-owned Property - A borrower may be eligible for another FHA-insured mortgage if the borrower is vacating (with no intent to return such as divorce, legal separation, etc...) the principal residence which will remain occupied by the existing co-borrower.

That sounds outstanding Chris!!