Tenant screening is vital.

Here you'll find who they do business with, how active they are, what their mortgage or deed of trust looks like, extensions, modifications, and any foreclosures they've initiated.In the end, you never really know who your dealing with until you've done a few deals.

@Adam KruseLease modification sounds like the move going forward.

b.Are they allowing for loan modifications?

Constructive input.I'd be interest in compiling the information and supporting suggestions for modifications and exemptions that may be allowed by the CFPB.The BP community could have thousands of justifications and in support to allow modifications, I'm sure that big brother will listen if requests are reasonable, keep within the purpose of the law, place sufficient safeguards in business to be conducted and that can be managed or overseen with little or no additional costs.Any takers?

It has a similar flavor to other pureplay vacation markets in that there is a lot of demand, but also a lot of supply, so for you to perform well, separating yourself with a strong listing, and possibly some sort of niche, will be vital. 

FHA loan guidelines also permit a retailer to make modifications to a manufactured or mobile home, as long as alterations comply with HUD code.

Get it under contract and then, dependent on your inspection/engineer, ask for a price modification.  

So the sfr are being bought and tore down for higher and better use apartments  If the building is up to code, building and safety may let it stand with some modifications.

Not only later this year, but there will be more ARM resets in 2011 than there was in 2008, creating a huge potential for another (or a continued) real estate depression through 2012 and beyond.Additionally, many of the loan modifications that are currently being done are short-term modifications (for example, dropping the interest rate to 1.5% for 2-3 years).