Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.

There is a really solid one here in Bloomington IN, but Terre Haute is a market that really interest me.

@Jerry W. and @Ned Carey, thank you for your responses.

Usually she gets back to me within a couple of hours, but it has been over a day now with no response. 

I feel like this is a solid deal and there is enough income from the property to pay for financing as well as leave me with a substantial cash flow.

A solid base of steady income with a low return and exciting, headache filled days with sellers, contractors and buyers to make a little extra cash.

I want to ensure my taxes are solid, since I would like to be able to qualify for a traditional mortgage next year rather than continuing to work with hard money lenders due to the rather high interest rates I deal with(I still make it work, but of course more profit to be made with a conventional mortgage).Thank you!

While I can see how having some POH's isn't the end of the world, especially if you have a solid plan to transition to TOH's over time, for someone with no "experience" and not a ton of startup capital, my major concern is being able to get financing if I can't secure a seller carried note.

It essentially allows them to pass the financial responsibility to someone else without going through a foreclosure or short sale process.How Banks Get Involved: Typically, in a "subject to" financing deal, the existing loan stays in the seller's name, but the deed transfers to the buyer, making the buyer responsible for the mortgage payments.

Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.