You can never be over educated or over prepared.Unless you have done extensive renovation work in your past there is likely a lot you still do not know.

For instance, a 745 credit score by experien when your tying to get a new Visa or Car loan, could be a 707 to lenders.

Or any of the other major interstates. 75 up through Ocala and Gainesville for instance.

Lots of brokers spend there whole career doing exactly that.For instance if you had some multi-family to sell in my town, there are a handful of buyers and brokers you could talk to.

When I sell on Lease/Option I use the $500 level in most instances.

I have been extensively looking at that market. 

@Sonny PachecoCheck out Mark Kohler on youtube he is an attorney and CPA covers this topic extensively. 

For instance, the cleaning lady they hired directly they have to get their own workman's comp.

Some of them require extensive personal credit information, but many of them are no doc lenders- they only look at the deal itself, and what your cash situation is.

@Robert D.In addition to @Chris Seveney's extensive explanation, if the property is located in Chicago or just Illinois you've got this to deal with:https://www.domu.com/blog/new-illinois-law-protect...Your assumption is that it will sell at the judicial sale for 40k.