Now you know next time that if you encounter a tenant with an agent odds are good the agent's lost so you can set them straight right from the jump as to not waste any of your time.

These are the issues I've encountered with the Costa Rica STR:1.

We knew going in that we will encounter surprises being our first rehab.Some of the added costs were surprises like replacing all knob and tube wiring with romex cabling.

If I would have bought for less I could have done some of the cosmetic work myself and probably gotten 10k for it.I forgot to mention that a lady walking through the home one day showed me that on most MHs near the breaker box there is a sticker that shows the original construction date.

It's great to hear from another newbie who is encountering similar issues and learning along the way.I've been through all the podcasts twice already, but putting theory into practice is an entirely different monster.

However, most people that I have encountered have not had issues with mortgages remaining in their personal names as long as the payments are always made on time and the loan remains in good standing. 

Donna, the only one stop shop that will give you everything you need is YOU.Everything that you do will depend upon you and the way that you attempt to do things.Each situation that you encounter will require a different form depending upon the local laws in the area that you are doing (or finding the) business (deal) and the type of deal that you want to do.Therefore your business plan utilizing your own strengths is the place to start.You can not get from point A to point B without knowing which road to travel and where point B is.

Well, they haven't been overly responsive so far...I'm pretty sure many of you have encountered situations such as this since errors in foreclosures are a dime-a-dozen, especially hoping if PA foreclosure experts, such as @David Krulac and @Steve Babiak could chime in!

This is what I am encountering, in the current Mortgage Industry.

This is a cushion to provide some funds for an unexpected repair encountered during rehab.