They've all been properly educated on the 203k, had their 203k experience independently verified, and had their financials vetted to ensure they can pay for the start up costs and ongoing expenses associated with rehab loans.

Hi Chris,Adding to what Jamie said just because you can build a larger duplex does not mean it is the most efficient use of that foot print within the setbacks. 

I want to ensure this is legal before I put dollar amounts to the offer:Seller still owes on the mortgage for the property so seller financing is not doable.

or is there a more efficient way to research cities to find out what's best for me?

The reality is, most people don't end up needing anything more efficient because they eventually outsource to a 3rd party property manager.

Hi, 
My husband and I are looking for a good team of RE contractors in Charlotte, NC!! 
Thanks!!

Actually you could do this yourself, execute a deed of trust have it notarized and note then take it to the recorder's office, but really, you should go to another attorney.Your sale contract most likely is a cash sale and the closing company/title company must close it as a cash transaction, that means they can't close it with a purchase money note and deed of trust.Execute your deed and note after the sale, you need to ensure the closing is recorded before you file your DOT.One good reason for you to do this is because people die and the note and DOT resolves estate issues, it is the proper thing to do.BTW, note and DOT or mortgage, which ever is used, basically shows the debt and encumbrance on the property. :)

Since this is a small deal, not an entire block of notes, how do you ensure any event of default and foreclosure on the note pledged, since you need cash, doesn't sound like you would be able to repurchase in a default?

Can I do something immediately to ensure it is not lost...The last one is a wild card and is a risk adjusted play...If I found the limit was 2 years, and I knew that the site was vacant for 5 years I would ponder who else actually knows, and can they prove it?

We have in-house management so tight groupings is far more efficient for us.