We just had to refile the warrant.2/26/18 – Me: I emailed asking for an update.3/5/18 – Me: I emailed asking for an update.3/5/18 - PM: I do apologize, I have had a lot of IT issues these past few weeks.

That is also an innate characteristic and why they are considered more risky even at origination.There does seem to be a relatively common occurrence of investors buying second liens and not pursuing foreclosure which sometimes is warranted and other times not.  

For clarity consider a Warranty Deed -- this kind of deed warrants that there is something being transferred, if nothing is transferred with a Warranty Deed then fraud has been committed and is punishable under the law.

@Nathan Siva  - Welcome to BPAfter becoming more knowledgeable and confident because of your immersion in the REI activities, take action to snag your first deal as a young buck.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

Re read my original post...I said ON THAT TRADELINE, not that it would not appear on the public records section.We may be splitting hairs here but, i felt a further comment was warranted.

The bank the lender went through denied the loan because it was non warrantable with 2 of the 3 units in the building being rented.

Personally, I would probably not want that tenant - unless she's warranted in the walls not being painted and carpet being dirty etc.

Otherwise, if you can find employment that's backed by a college degree, then W2 income is basically a requirement for loans, so go for that and invest on the side until you have enough income from rentals and a track record that warrants going full time.What discipline you pursue in RE will depend on what your interests are -- flipping, buy and hold, development, etc -- so take this time starting out to learn as much as you can about all the ways to make a living in RE from someone who's doing that strategy in your market.

I've done a couple portfolio loans on non-warrantable condos with First Bank.

Obviously this is a key research item that would warrant deep investigation in an offer type situation.