I will be moving out in a year though, and renting to college students so we'll see how wise my carpet idea was.

But of course doesn't mean someone has to be ruthless just educated in the business and choosing wise investments.

Ryan, You are absolutely correct in saying that it would be wise to build a relationship with a hard money lender since you are probably going to need the services of a hard money lender at some point in your career as an investor.

Business wise it doesn't pass the smell test in any direction.

Use wisely your power of choice.

It's just retarded to say other wise.

Each transaction must stand on its own merit, in other words.Using a land trust to wholesale the REO: I don't see this working all too often as most competant investors know that banks are wise to that game and simply avoid, reject, or don't even respond to offers in a "land" trust.Certainly an investor "B" can lock up a contract with the bank "A", now have equitable interest in the property, market that property to an end buyer "C" and not break any laws or statutues, nor comit any kind of fraud.

If they have taken good care of your property, like to live tidy and clean and so want refreshed carpet, you have chosen a tenant wisely.

But if they don't qualify income- and credit-wise, you can deny them.

I have done one MH on 2 acres in Wise County.