Take it all for what it’s worth, I’ve learned plenty of lessons and made my share of mistakes.

Everyone has made great points regarding higher leverage for having the rehab budget within your loan amount but it can be done without it as well.

Leave the owners alone, when and if they are ready to sell, they will, and there will be plenty of lots to choose from on the MLS.I have no statistics to back this up, but in my casual observation after our fire is about 1/3 of the owners rebuilt their homes (some built similar, some duplicated exactly--big mistake, and some built better/nicer/larger homes). 

It’s funny you make this post because literally just made one yesterday for the same thing.

Kalamaras, we were ready to close your file, we needed to change Title Companies as your Title Agency was refusing or could not add proper endorsements because of their Underwriting Insurance Carrier.  

What made you interested in investing in this type of deal?

Be ready and willing to change locks and give remaining tenants a key3.

What made you interested in investing in this type of deal?

Currently still gathering lots of information so that I know what my options are once I'm ready.

There will definitely be rude slum lords but I would say I have made some seriously good connections from just introducing myself.