The markets are hot everywhere, boots on the ground, eyes and ears, and personal experience along with smell, sniff, and eye tests are what will make real money moving forward, not another way for people to be investors without doing the work.

While the odds of the mortgage company catching you are extremely low, you never know. 

You might have your eye on the benefits mentioned above and forget that there are a number of obligations that come attached.

You'll be texting/calling/leaving messages for the tenant to "please catch up on rent" with the hope they will choose to pay rent. 

The challenge with fire damaged properties is that there is more than meets the eye.

I have heard that cash flow is getting harder to find and this process really opened my eyes to that!

Unless you incorporate as an s Corp which I just did, but you pay another $600 to $1000 to your cpa so you better be making at least 100k in profits a year to make it worthwhile. 

I'm always keeping an eye around there for something distressed but I'm still a ways off from that area being accessible to me.

Thanks Kevin,I'll continue my search, I was just hoping to catch a break if someone in the BP community knew of a specific lender to save me some time shooting in the dark.

Also, "Class C" is a catch all for sellers to refer to their D or F class property since its a classification with no real borders.At the end of the day, building a model and throwing some numbers in is easy.