Basically what happened was the builder did not complete the project and built only about half+ of the town homes, and some are not paying HOA now, so effectively there is a 50% HOA deficiency.

Some of the information is basic, but there are some good nuggets too.

Basically, once you've submitted your offer to the lender, they are going to send out a real estate agent to do an independent appraisal of the property and come up with a figure for how much they will accept based on the value on the BPO.

My question is, is the mortgage policy basically title insurance for the lender?

Not sure this is in the right forum but, I finally finished my remodel after a little over a year, mainly worked on it in my spare time/weekends.http://specialtyceilings.com/wordpress/I bought it for 22k and put 8.5k into it.Hoping to rent it for 750-800.I have some before pictures somewhere, i'll try to find them, but basically new everything except roof.Let me know what you think, this will be my second rental.

And, I would not use any administrator just because someone has not heard any complaints or assumes others have done research on them.I have a basic SDIRA with IRA Services in San Carlos, CA (no checkbook access) and I use them frequently for real deals I do all the time.

Basic steps to improving overall cash flow fall into 2 categories: Either increase income or decrease expenses.

Could you send me some basic peramiters for your investors?

I went over and did some basic troubleshooting.

Basically, just a normal old house to flip.