That is not luck, that is not random, that is suicide.So conclusion,  the people you are trying to skip trace (and pay money for to skip trace) are not just "a bad " audience.They are the worst possible audience.

Can't allow mistakes here.I am told & believe that the "SubTo Community" is Videos and "group think" with NO "One on One" training,  meaning if you have a question, you can ask neophytes who give their opinion, but not based on experience.

Section 8  rates (and lower) will also give you a rough idea of what your market rent will be.Yours is an object lesson in the mistake of buying what you can afford up front rather than what is a good opportunity.People just starting out should only buy local, that they themselves can inspect and get a feel for.

This is a huge mistake as there are other terms and lender administration processes that will have a far greater impact on how much cash is truly needed to execute on any given project and that's the cash amount borrowers should be aware of.How are interest payments handled?

Especially if the other kids follow suit, they'll likely need some kind of housing for a significant period of time nearby so buying now wouldn't be the worst move.Just my 2 cents.

Also, focus on the ones in the worst shape.

The loan shows it is SUPPOSED to be issued only if its in 1st lien position, but if a mistake was made in 2005 it would not be in 1st lien position.

I don't want to make any mistakes in the Dodd Frank act.I'd like to be able to evict rather than forclose.Need a loan servicing company?

Stay away, I made the mistake of buying one house through them in Palm Bay which has had continual problems.

This is not overly common, but if you have a concern the worst they can say is no. 4.