My target demographic isn't seniors who might not be tech savvy,and I don't deal in low income, so my tenants very likely will all have a smart phone.

One of keys to doing it like this- low rates from both lenders- keeps holding costs down and increases profit( hopefully)Benefit to seller is that you can offer closer to his price.You can give 155k.New Structure would be:110k new private senior debtseller second- 65k- total 175kNow you can rehab- sell- and your debt would be closer to 185 after , holding, closing costs. ( buffer for extra repairs?)

Most people blame the politicians for Detroits demise but the citizens are who are responsible for their neighborhoods and home upkeep.

It came so handy as they just move their mom out of the house into a senior place) then yesterday I went to a probate auction and was the highest bidder in one of the houses (here is my #2) I still have to wait for the court day so this one is 50/50.Bottom line is I was discourage for the lack of action and just this last week I practically bought my first 2 properties.

Do not trust what the listing agent tells you on this issue; contact the management company directly. 2) For the 2012 tax year, were there any homeowner or senior citizen property tax exemptions on the unit?

So if you bid and win, you are subject to senior liens.

It could be that one specific feature of your supporting documentation requires manual underwriting and that has to be completed by a Senior Underwriter.

A lot of seniors don't have email and expect prompt return calls from business "professionals".

You won't want to do a double close, buying it yourself and selling it for more or they could come after you for taking advantage of a citizen as a professional which you will hands down lose in court.

Reading some of the posts around here, I feel like I'm missing out on the excitement and maybe missing out on some returns, but am wondering if the extra hassle is worth it.Also, having had partners, and having had deals that soured because I couldn't control what the senior partners did (idiotic things), I vowed never to JV or do any partnerships in business or real estate deals ever again.