Luckily no real surprises other than the spot roof repair which was minor.It's definitely guesswork when acquiring deals quickly and on the fly, but can be at least well educated guesswork with some homework and the advice and knowledge of a good experienced contractor. 

More likely route would be to use a hard money lender to acquire and rehab the house and then refinance into permanent financing once completed and rented. 

It seems like there's a lot of exciting businesses in the pipe and access to Wayne Junction makes it a very attractive area.

I have a friend that has access to the MLS.

The seller finance note then is between the Trust and the Buyer- We always use a warranty deed and we always get the title insurance for both sides of the sale (when we acquire and when we sell)I hope that helps. 

My interests are raising capital for acquiring commercial property, maybe wholesaling, and repositioning. 

There are limits on them and if your policy only covers 4 rentals, but you plan on acquiring more, you'll need another umbrella policy for the additional units. 

Using the skill set acquired from the invaluable tools and resourceful community I had my first investment property 12 months later. 

If the numbers pan out, it is possible to go to the closing table with little money if you use a hard money lender.If its value is close to the $120K purchase price and you are acquiring it to hold, most lenders will require 30-40% down for an investment property. 

They can help you put a plan together for acquiring the first one and the next steps to take to put you in the right position to buy more (although focus on the first before you get carried away).