Sounds like you have a good opportunity so go for it, or is this your first deal and you're concerned about pulling the trigger. 

So far no issues as banks usually only pull title work for a property of an existing loan if they are concerned about the loan getting paid (loan being severely past due) or if they have any suspicions.

It's kind of like a BRRRR without renters, since we might pull money out.We have a friend couple who have done this with three homes now.

They know several other folks that have been talking about pulling the trigger for years, but have never actually went through with it...

Thanks Travis, that is where I'm currently pulling it from.

Our only problem is pulling conventional loans via our business as it doesn't have a structured income stream.

Our only problem is pulling conventional loans via our business as it doesn't have a structured income stream.

I would be happy to host the event if you pull a group together.

Jeff if you have the money it would be best to pull the band aid off and reno everything at once and then get market rents.If you don't have the cash in hand I would raise rents a little and build up cash reserves.

we get title pulled in a day sure enough.. somehow I guess if banks wait to long they lose the right to foreclose ( WA state)..