The options are endless.

But with that said, on Long Island, NY, where there is endless suburban sprawl and almost no vacant land left, how does this rule hold up? 

It has a 1200 sqft 3 bed 1 bath home on the front side of the property facing the busy highway and the back side of the property is open land where the possibilities are endless.

The options are endless.

I'm sure the horror stories are endless since it's Wilmington....

Keller Williams is a great place to start they offer endless training, coaching, and give you plenty of resources once you get started which all give you a huge advantage over other agents.  

My business partner and I are just starting out in REI and while we have a clear goal in mind we dabbled endlessly with the leverage vs. 100% down question until one day we crunched the numbers.

@Amir Seliger  wow thats some A-mazing numbers you are getting!

The properties would be short sales and have water liens which both would have to be negotiated and if there was a second even more work.After working months with city attorneys and the banks and the watershed department to negotiate the water liens I ended with a 120,000 sales price and would make only about 6,000 for months and months of work and endless calls.

The bank that is assisting you with the settlement on your mortgage has a standing interaction with the title company they're utilizing already .As mentioned in the earlier replies, the reasons why the title was not providing the most recent and accurate vesting can be in endless.