All individual has the right to cool and heat, just like a regular tenant that could sue you if you don’t fix the heating unit and they’re freezing.

You have to look at the deals individually to make sure they work.

Each of these variables will dramatically change the advice I give the individual asking me this question.

They're just products of the individual banks that offer them, so each lender can make up their own rules. 

I think understanding the leads on a more individual level can help show a more personal interest.

I am looking to network, and learn from other like-minded individuals.

Each of these variables will dramatically change the advice I give the individual asking me this question.

Hi BiggerPockets.com Community,I'm about to start my 3rd SPEC home, so far I have used savings, 401k loan, CC's (BT's), unsecured PLOC and lot loans to finance my own deals. One of my friends is interested on financin...

YUP when it was legal to do these in Or and WA It was my main business model.. we still bought at court house steps but only after we failed to get the owner to deed to us and let us buy sub too..Now this comes with risk.1. usually not enough time for title company escrow so you buying without insurance.2. old owner may squat even though they say they wont.3. bank can call the loan all over again but you have plenty of time to sell before that would happen.4. you miss something with your do it yourself title search.what you need is an Authorization by the owner signed with their SSI so you can contact the Trustee service that is holding the sale and the bank .. to get accurate payoff numbers.. then you simply get a cashiers check or wire to the trustee or service and reinstate the loan at the same time U prep a deed from the owner to you.. 

I have considered the possibility of paying no points and holding the property as an individual with hopes of refinancing in the next 2-3 years.