Josh I have talked about this many times.On the residential side all these scammers used to exist.Sell the loan off so they didn't care and closed up shop when it fell apart.Now that residential is under huge government regs they have all moved to the commercial side.All of these people advertising many are just helpless point and fee takers getting sucked up into the scam.Many of these so called lenders are not lenders at all but mills running due diligence fees,insurance fees,deposit fees etc. and then say they can't fund later on to deny the deal.I have found direct lenders are very hard to find and I find one of those for every 20 scammers.As a buyer you do not pay upfront fees except for appraisal,survey etc.You can talk to these scammers on the phone and can tell by what they say they are not a true lender.I do very heavy lifting to make sure my lenders are real and I am not dealing with a middle man to protect my clients buying properties through me.Any company claiming to be a lender that will fund anything is more of a conduit (middle man) taking fees.A reputable lender will display recent closings and details of the loan.They will have very detailed rate sheets along with terms and conditions of the program.Any points will only be paid at closing when they perform.Many of these lenders will be highly specialized in a particular asset class and not broad in scope.The interest rates from legit lenders will be very close in percentage rate and LTV's.The difference being in how much money they have to lend and what loan size they specialize in and recourse versus non-recourse etc.Many lenders can promise but very few can deliver on the rates promised and close it.

I have on the contract that seller will pay for title commitment in exchange I close at there title company.I pay for Inspection which will be around 350$No survey will be done on this propertyI decided to go with the after lien holder approval to help protect myself.

.- Company profiles also include a public feed so interested parties can see the kind of dashboard posts you're making to help them determine if they want to follow.

Inspections protect the tenants that move into their homes.

If the property is included in the bankruptcy there is an automatic stay and it is a federal crime to try and collect a debt that is in bankruptcy protection.

MLS Data is very public and is easy to access and most times they are being sold at or close to market value because the agent wants the highest commission.It is not illegal to wholesale listings but it is going to be a hard sell.

They record liens or mortgages that protect their interest in the property.

You will want to hire a well recommended, licensed and insured property inspector to make sure the property does not have any major problems.The next step is to look very carefully at the income and expenses to make sure that the property will be a good investment.Another protection is to have Title Insurance on the property.

However, it's still an office at the address of my business.Would it then be the "principal place of business".Actually, just reading through the publications again: TIRS pub 587: page 3, Principal Place of Business states:"Your home office will qualify as your principal place ofbusiness if you meet the following requirements.- You use it exclusively and regularly for administra-tive or management activities of your trade or busi-ness.- You have no other fixed location where you conductsubstantial administrative or management activitiesof your trade or business."

Your numbers look like you will cash flow around $500 for the 3 doors.Aurora, Illinois, I guess you could use the basement for a public access TV show..."