Of course I'm for it, just like John McCain who was honest about his stance while campaigning, unlike Bo who lied about his position while campaigning, flip flopped a little over a month ago, and is now scrambling for his next position.Oh wait, I forgot.

That way when it breaks (which it inevitably will) you're not on the hook for laundry money and don't have to scramble to get a new one installed.Never let a tenant pay late without issuing a late fee.

If I were the owner that would irritate me to no end....knowing real estate agents were walking people through my house for showings while I'm scrambling to get it back.

Their reasoning is: if I use it to put in an offer, the offer gets approved, and they do not like the deal it then puts me in a very bad spot scrambling to find alternate funds.

I have done pre-foreclosures but until I get positioned to be able to do it again I probly want market to that area becasue I don't like telling someone I will buy their house and then scramble around for a end buyer or funds so right now its bird dogging and hdm solo or joint venture projects.

:mrgreen: OK, I'm off to scramble to get an application together.

If that's true,it will be ironic that we scrambled so hard to try to buy it.

dustin, thanks for trying, but in this case the bank needs to be insured...bill, in my case, the bank does know what i'm doing....i like the idea of 2 as well...unfortunately, my attorney already drafted up the documents and we went with door #4....now they're calling my insurance agent every day and scaring my insurance agents...my attorney said i had to add them as an additional mortgagee, but the insurance doesn't like that the mortgagee lives in the house...wtf...so they want to drop the insurance..my attorney of course has been useless now and says to find another insurance company, however i don't want to scramble around for the next few years everytime an insurance company gets spooked..so to recap, yes my bank is aware, and theya re fine with it..it's the insurance companies that aren't getting it..mayb ei'll just call up a few and ask about different situations...thanks for the ideas

However, in the event that I end up selling to a flipper, the existing tenants will need to scramble to find another place to live.  

Are you scrambling to fund the next 20 unit deal you just found?