One issue here is that most banks like to see cash in a bank account seasoned for at least 3 months, so you can't have a bunch of cash show up in your account right before you're about to close.

If only someone could find a way to build housing that the majority of the market is demanding (currently being supplied by older C and B class assets) they would solve a major economic/society issue and become enormously wealthy. 

There are definitely homes under 140k and would rent really well, especially older homes in their improving downtown. 

Occasionally we find a listing that is around 200,000 but not often and probably not in the spring/summer selling season.

This may sound odd it seems I see opportunities everywhere. I am always looking before I fall asleep and when I wake up. I can find a deal anytime I want. Some better than others. I had 20 of 65 paid for. I have buil...

Seasoned investors tend to make the best purchases at these auctions.

In my personal experience, we have found that older buildings typically have less insulation than newer construction, older windows, older boiler/furnaces, etc.

If a tenant in Michigan didn't shovel snow for the season and the oil company refused to deliver because the snow was 4 feet high, so they ran out and there is no heat, is that now the landlords fault?

He isn't cheap but he isn't expensive, he also likes the older cleanup work.

I've NEVER heard of this for house flips...I get that there are limitations to how many mortgages you can hold, and sometimes loans need to be seasoned, etc...so I'm aware of those limitations.