Investment Info:Condo buy & hold investment.

Two years ago, we did a cash out refi at about 50% of the equity on 6 or 7 of our SFRs and used that money to buy a beachside STR. 

Be extra diligent on running your comps and don't rely on anyone else to tell you what it will rent for.

@Hanna Minkinit sounds like you're potentially considering buying a rental with 100% financed funds. 

We see a lot of non-performing notes in the Cook County area and the discounts are tempting but the picture that's emerging is explaining a lot of that.Are investors actively buying at the foreclosure sales?

The cost and the insurance is not worth the extra rent.Gino

We are new to Texas but have experience in buying, flipping, rehabs, some new builds.If it comes to construction, seems like we've done most of it. 

It just fits our buy box and meets our criteria for a house hack turned long term buy and hold at that purchase price.

the lady trying to borrow had this great notion but no experience and the property she was trying to buy I happened to know very well it was in Clear Lake CA no way it could be developed.. but she had a dream and Remington fed into that dream. 

In my state, TN, the law states that if you do not have a forwarding address, you are to mail the accounting of their deposit to the last known address and if it is not received there the extra deposit, if any, is to be forwarded to the state unclaimed money program.