Give that is a townhouse, the association will take care of all exterior related issue so it is a safe distance investment in my personal opinion.

From my perspective, it's not just about ensuring that you are legally allowed to invest and that you are able to proper publicly recorded title to a property, it's also about all of the other laws indirectly related to owning the property (ie. the court system, environmental laws, tenant/landlord laws, business laws, etc, etc).

.- It creates a lien on investment property: asset protection.Normally LoC is good if you need money for a relatively short time, pull out and put it back.

@Dawn Anastasi I can relate to the workmen leaving the window open.

relatively new to the investing scene and the wholesaling thing both altogether, however wholesaling might be difficult in my area because I do not live around abandoned properties, nor are there none close to me.

The good news is it's a six month lease so we can part ways relatively soon.If anyone has a late payment letter they like, please let me know.

Since parking and real estate are soo closely related.

Here's some info Brandon Turner did on his Blog:http://realestateinyourtwenties.com/blog/hard-money-lenders-loan-sharks-of-the-real-estate-industry/Alternatives you might try would be private lenders - friends, relatives, real estate agents, contractors, etc.

In more states, RTO is considered a credit transaction which would invoke the need for whatever licensure the state feels appropriate, and compliance with federal laws related to lending.

The OP has no income... and I guess no living expenses relative to a 1003.