Our neighbors across the street with a nearly identical home said theirs recently appraised for 670, while another similar one down the street sold this winter for 580.

After you demo it there's no house as collateral only land value, plus I'm reading this post as you're going to build and sell, not build to live in that's mortgage fraud in my opinion but I don't deal w/ too many lenders that's not my strong suit.

It would be mortgage fraud to use an owner-occupant loan with no intentions of occupying the property.

I’m not looking to create fraud, just actively planning my return at some point and because of property prices in SoCal, Denver is a much better market currently.If I buy via FHA, renovate, and sell in 6 months, is that legal?

Meeting highlights will include: *Keynote speaker is Josh Langfelder, Sangamon County Recorder who will inform us of their processes, how to research potential properties, free fraud alerts and the Honors Program.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris Scam and/or Morris Invest Fraud for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

If you plan to move to a new property soon and secure a mortgage as an owner-occupant on your current home you may be committing mortgage fraud, @Ron Singh.

Eliminating the risk of fraud in our business dealings with others is clearly something that we need to continually be very mindful of.  

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris Scam and/or Morris Invest Fraud for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Think of the terms "buyer's market" and "seller's market" identically to when you are thinking about the underlying real estate itself -- does the home have 40 offers all over asking (seller's market), or just 3 offers and all 3 are lowball (buyer's market)?