The Warrant Deed is the path to a clear title and subsequent title insurance. 

I only do it when the property truly warrants it.On the flip side... if the agent viewed a property as a tremendous deal, and then discouraged Lynn from buying it just to pick it up themselves, that to me would be a far more egregious breach of fiduciary duty.

SellerTest SellerBuyer InvestorPurchase Price:$70,000 Cap Rate:6.00%Down Pmt Avail:$9,800 MTG Bal:$60,200 Mtg Rate:10.00%MTG Pmt:$500 Number ofRent perTotal RentUnitsMonthPer Type11$450.00 $450.00 21$450.00 $450.00 30$0.00 $0.00 40$0.00 $0.00 Total MnthlyTotal AnnualTotalsRentRent2$900.00 $10,800.00 Potential Gross Income (PGI)$10,800.00 Other IncomeType of Inc:$0.00 $0.00 Vacancy Rate20% of PGI($2,160.00)--------------------Effective Gross Income (EGI)$8,640.00 FIXED EXPENSES:MonthlyInsurance$50.00 $600.00 Trash pickup$0.00 Property & Other Tax$91.00 $1,092.00 Commissions/Payroll$0.00 VARIABLE EXPENSES:Lawn $5.00 $60.00 Misc Exp$90.00 $1,080.00 Supplies/Maint$25.00 $300.00 ____________Net Operating Income Before Debt Svc (NOI)$5,508.00 Debt Service at$500 Monthly Payment$6,000.00 Cash Throwoff (CTO)($492.00)Int portion of Debt Svc$60,200 X10.00%(Annual)$6,020.00 Equity part of Debt Svc(Annual)($20.00)________________________________________________Investors Value of CTO at6.00% (CTO / Investor Rate)($8,200.00)Add Mortgage Balance$60,200.00 Value of Equity at6.00% (Equity / Investor Rate)($333.33)Value at Desired Cap Rate10.00%---->>$51,666.67 Sale Price vs Analysis:$70,000 Difference:($18,333.33)Debt Svc Coverage Ratio (DSCR)1.19***** FIGURES ARE APPROXIMATE, NONE ARE GUARANTEED OR WARRANTED *****I will share my APOD

So many such posters think that being so sly goes without notice, but it's obvious to me and warrants correction on the spot when the information is not really in the public good.

Be aware, your condo my not be a "warrantable condo" which would eliminate conventional loans, and you'd have to find a lender that does "non warrantable" condo financing.

I do not agree. the repairs were not made due to negligence of the tenant so no other payment other than rent is warranted. the amount of the water bill was deducted and  as always payment will be on time."

This house just kind of warrants a "meh" compared to everything else I've seen there.

at some point I intend to start an LLC when my portfolio gets large enough to warrant it.

.* Condo is not FHA approved* Condo has a high concentration of investors, i.e. non-warrantable condo* Condo association might not be putting aside the required 10% to reserves* Condo association might be defunctThis is not an exhaustive list.

By delivering the mortgage to Fannie Mae, the lender represents and warrants that the non–U.S. citizen borrower is legall present in this country.