I think the lack of vehicular access means there’s a whole chunk of the market that is taken out, which would be the wealthier vacation home types that don’t want to deal with getting on and off the island.

Househacking is probably the easiest and most effective way to get started, in my opinion.You can reduce living expenses, learn a ton and also acquire an asset!

Can acquire with the line, renovate, rent, and then bundle several into one aggregate loan.

Hello BP,We recently acquired a condo in  Falls Church,VA area through court house for flipping.The owner/occupant was a old lady did not move out after we purchase the unit.While we are in legal process to get possession, i received a call from the HOA today that the neighbors of this unit observed a foul smell and called the police to see what is going on.we are breaking the lock as soon police arrive and get into the property.The smell could be from the leftover food or could be anything.To prepare for a worst case, i am trying to understand how to deal with the situation and get some affordable master cleaner referrals.Thank you,Vinod.

Unless you have the ability to access the property pre-foreclosure, you are effectively buying sight unseen at the auction.  

But non-lenders cannot reasonably get access to it short of bribing someone from within. 

We are currently in the knowledge seeking and capital building phase with the goal of acquiring our next rental property in late 2019 or 2020.

We recently acquired a property that we are going to brrrr.

Abstract fees (abstract of title fees).Charges for installing utility services.Legal fees (including title search and preparationof the sales contract and deed).Recording fees.Surveys.Transfer taxes.Owner's title insurance.Any amounts the seller owes that you agree to pay, such as back taxes or interest,recording or mortgage fees,charges for improvements or repairs,and sales commissions.Settlement costs do not include amounts placed in escrow for the future payment of items such as taxes and insurance.3) if there were other costs incurred to acquire the house such as if you spend money for tax advice, tickets to fly to look at the house( or milage)  and such also gets added to the basisGood luck

I am looking at a building that I can't get access to until after I buy it at the tax sale.