It comes from a tradition of installment sales and land contracts in the desert and in the oil towns.

A little off-topic, but yes, I have considered investing out of state many times, because based on the research I've done, cap-rates and cash-on-cash returns suck in San Diego, especially if you are using traditional financing like I am.

Is the central air via traditional duct work or mini ducts?

Since the contracts of HUD homes cannot be assigned by traditional wholesale methods, I think DCs would be the best route to go.For people that know more about this subject or have invested in HUD homes, is there anything that I should know that will help me do well in this niche?

Make strong offer by going with what is traditional for the area or better.

We have looked into quite a few traditional mortgage options but they usually don't factor in the cash flow every month.

Having J Scott's flipping book will be a great resource as you work on crossing the flipping house item off your bucket list.When you get the chance, add a profile picture to help better establish connections.

Source documents are underlying documents that show the origination of a transaction, your gas pump receipt is a source document in showing you fuel expenses, a shipping invoice will show when an item was shipped and perhaps received, a parking ticket could show that at a certain time your vehicle was at some location, they are documents that can justify a claim being made.The closing agent can clearly show that there were no contractual obligations or other agreements made that would be applicable to that transaction.It depends on your settlement instructions, is there some disclosure or declaration made that no other property other than real property is involved, anything as to no other credits, allowances or other financial arrangements have been made or are expected to be after settlement?

The banks like to have an approved and accredited contractor (they may nominate one unless you have one in mind), who will itemize all expenses, that the bank approves and cuts checks for individually.

All the other fees are pre-paid items and they will be pretty much the same with everyone (title fees, escrow, daily interest).When shopping lenders, try to get quotes the same date, because interest rates change often and can jump significantly from one day to another.