Jay can give you horror stories of what kind of "subject to then lease option deals" he's had to deal with in Oregonsubject to should only be used in quick turnarounds, I like light rehabs that need less than 15% of value of the ARV in rehab costsI'll joint venture with the seller, use private lender money for the rehab, give a short-term note with no payments for four months, fix it and resell it, pay off the first note and the private lender money, I try to make 10% in a joint venture fee with the sellerRule of thumb: for light rehabs, seller always makes more money than 70% of ARV - rehab cost

I didn't even look to see who signed it, I just saw buyer sign to get escrow back...LOL  Needless to say...when getting into a short sale, knowing the reasons for the liens is always a good thing...I'm crying and laughing at the same time! 

My only point was on the scale of low risk to high risk starting a, "I'm gonna do a multi-million dollar rehab using people I have no experience with in a town I know very little about." seems needlessly risky.  

Needless to say I didn't make it out of the rat race before someone else won the game. 

Needless to say, houses do not stay on the market very long in PNS.

Well, needless, to say, things started not adding up, they became pushy, the fed us promises and lies from the beginning.  

I Drove thru the neighborhoods that he was interested in but really didn't know what to do after that so needless to say he had a friend here that is going to sell him their house.

Needless to say, they were not well cared for.

Streamlined loans, however, are only on homes that need less than ~$35K in renovation costs.

Needless to say savings is down that's why the FHA or VA for low to no down.