It may have an almost negligible effect or in some unusual circumstance may have a devastating effect.

You're just going to be wasting a lot of time and money to pursue them if you can't get them financed.

I'm wondering if I could get any compensation from nationstar for wasting my time and putting me through all this.

To hedge against recessionary effects an investor needs to look at products and services that are more necessary for society.

So, for practicle purposes, don't waste your time trying to devise a strategy for this area.

If you are not willing to visit the property and/or it is not cost effective to do so, then IMO you should be offering it for sale asap and trying to recover what you have into it.

So, as a GC, you not only can, but effectively MUST sub out the work for these trades.

I just need to know if we'd be wasting my time picking up properties in Phoenix if I'm going to move out of state after my schooling.

Not saying they can't seek a full payoff, but the justification to do so will be harder, and I'd bet they won't, especially if the interest rate on the note is higher than the current rate.Later on, you can do a sub-2, effective when the mortgage is paid off.See your attorney, then call the bank back.....good luck!

This is how you "buy at the bottom" effectively.