Rates haven't increased that much to really effect us that much.

Also there were lots of cats and insdie cat damage and we had to clean and coat the tile with outdoor porch enamel to cut the smell.

Finally, you do not want anyone living there who is not on the lease with you and fully responsible for any damage they may do to the property.Good Luck!

I just want to learn and understand pre-foreclosures from ALL perspectives so that I will be more effective and understand the marketplace-- not just the steps to follow.Look forward to more comments.

These include management, maintenance, vacancies, taxes, insurance, advertising, utilities paid by owner, entity maintenance, evictions, legal fees, court costs, excessive damage done by the tenants, lawsuits, etc, etc, etc.

A double closing actually has no effect on the mortgage loan.Investors that use commercial type bank loans, lines of credit, hard money loans, and/or cash are a wholesaler's target.

Can I get damages?

It is muh more effective in protecting your computer.

In this case, obviously I'm not concerned about cash flow but again, believe that out of state is where my resources can be used most effectively and I'm confident that if I approach it properly, this too will be a successful strategy.In short, it may feel less comfortable investing far from home but as someone who has researched opportunities in many different states and dabbled a little, there is definitely potential.

I think the most effective method is contacting home owners that are about to their home foreclosed on or are in foreclosure, and see if you can work out a deal with them to buy their home at a cheap price so their credit doesn't drop through the floor.