Even with a GC, problems arise causing delays and sometimes default.A 2nd home that's now bringing in income as a short term rental screams occupancy fraud to a lender (even though you probably didn't mean it to work out that way)I think you should pass on the lot and slow down a bit.  

I’ve been thinking thinking the same thing as well regarding the kissprincipal.Quote from @Kate Stoermer: I'm going to echo the idea that the bells and whistles aren't required if you just have 1 property.

Amen @John Underwood @Kate Stoermer!

Account ClosedGood morning Kate,While I am not an attorney and do not have a tremendous amount of experience with programs, I will tell you that it will be much more difficult evicting a tenant with these programs.

The numbers could be very appealing no matter what "rules" you apply.There has to be a reason it's a screaming deal, and I've not yet seen it; however, analyzing this deal brings me to an interesting question were I to pursue it.Say I buy the property for cash, disregard any actual numbers; let's assume I have "normal" tenancy (10% vacancy) in the time leading up to the bank transaction.

It screams quality. 

David Mount one things popped out that screams #newbie and that is you said A class.

Kate

With stocks, we get to log in, grit our teeth, scream at a screen, all with 0 control, just watch our $ grow or diminish. 

Caleb, The first phone call I ever got when marketing to ss homeowners was from a woman who went up and down one side of me yelling at me and screaming - HOW did you get my address?