This often comes as a huge surprise very late in the process of a sale.Sure, the title company may have screwed up (they may have even listened to the borrower assuring them no, I don't have a 2nd) but ultimately the debt is for the original borrower to pay.

I recently considered switching to KeyCheck but decided to stick with RR for two important reasons: 1) RR allows for weekly rent collection, which is recommended by my real estate attorney, and 2) RR has lower credit card processing fees for tenants.

Recognizing the potential in properties with minimal improvement needs allowed us to streamline this process.

@Jean G.The reality is: it dependsIt’s a numbers game where you need to first determine: what yield do I want and what are the outcomes/ risks involved that could impact thatBuild yourself a financial calculator to understand this but also understand you need to know every process and how much it costs and how long it takes90% upb on a commercial property in a non judicial state with equity and default interest at 15% is a great deal but take that same asset in another state which also has long eviction laws and it could be awfulLastly bankruptcy could wipe out some of your lien depending on the type and how the loan was written.

In process of doing a cash out refi on it now, 1 year later, and it appraised for $400k so I'm recouping my cash now and will build on the lot next door starting next year. 

Stay patient, adjust expectations, and seek help as the process progresses, as one great deal can make up for multiple failed attempts.Good Luck!

., I truly would be interested in giving STR a shot but I do worry about being far away from it as well as new regulations being put into place (like here where we live they are in the process of pretty much eliminating any STRs completely).

I have the land and am working through the process with the civil engineers and the city.

This joint approach ensured a seamless process from purchase to renovation and resale.

In my limited experience, I have found the process to be easier with agents involved.