So your bid is, say, 5 percent on the amount of the lien (let’s say $1,000).

For data size, I'm not using a particularly large amount of transactions so far, and am getting pretty good, but still imperfect valuations of Detroit homes.

Loan should be CTC within a week of contract and investors enjoying the property and filing their STR permit application for Summer..Rate on a 30 year fixed was in the high 6%'s...big job's report tomorrow that could accelerate rate cuts..stay tuned! 

Scenario: If one is to buy a new home to use as a primary residence ( till say Jan 1 2025), fix it up and get it ready for STR use starting Jan 2025 while STRing the initial primary until Jan 1, 2025, then move back to the initial primary and fulltime STR the new property..

The seller then said he would call his uncle who did the work all the time to fix it.

I'm looking to purchase my first short term rental in an expensive market and was wondering about how many people are able to manage their own properties even potentially clean, fix them.

Investment Info:Single-family residence fix & flip investment.

I'm considering using a heloc to fund a fix and flip.

Investment Info:Single-family residence fix & flip investment.

That's probably your best bet, but it'll take a fair amount of digging to find a worthy one in a zone that allows it.