My goal with new investors-who have ZERO experience-is to provide a pathway into the real estate business.

There is no inspection contingency in their contract and unless you're an owner occupant there's zero chance of them giving you your money back based on inspection findings and estimates (and even as an owner occupant the chance is slim).

Best policy is buy notes direct from the originator.

In the unlikely event that he actually bought it for $8,000, he certainly is not stupid, and thus there is zero chance he would sell it to some investor for some comical price like $35,000.

I have an umbrella policy and with financed property, I may not be as worried as I should be about taking the next step.

. $100 wager to anyone interested that says HUD doesn't do anything, other than maybe prohibiting him from buying HUD homes in the future.I won't take this bet because, as far as I know, their policy against first time HUD OO violations isn't widely enforced.

But, neither of those eliminates the need for a good liability policy.

Even if you run the economics only out to 10 years and assuming zero appreciation and 60% expenses, the numbers are pretty eye popping so everybody wanted in.I already had a Texas series LLC for Deal #1 so I simply opened a new series, collected the funds, and closed on the purchase.The loan route is not much more difficult once you find a willing private lender, all you need is a promissory note and a pledge & security agreement.

Sequestration and RHA policies got us 90% out (still have 2).

The title company has no duty to share information with you and it likely falls against their privacy policy.