The mobile was still in the name of the mother of the guy who lost the property to the bank (4 degrees of separation; mom, son, bank, guy) and by the way, the mother was deceased (seemingly impossible situation).Anyway, long story short, the WA State DOT accepted this 1 page form from me and the guy and I now have the title, have moved the home to another property (and have it rented for $1,100/month by the way)!

If you don't want to do it yourself and you don't have someone else to do it for you, then hire someone or outsource it to a company like YellowLetters.com.You can always conduct your own test.

I like Bill Jacobsen's analysis, but I would have to have more info about the location before accepting an 8.9% cap.

They know what to counter, they know what conditions to accept and they know how to do it.

Overall we probably have an acceptable success rate and we certainly take in more than our total costs across all of our judgments but it is rarely a simple process.

As a new investor I could use a little background as to the process of, when a private money lender has been found and agrees to invest, let's say $100,000.00 towards real estate, what is the process of accepting those funds and putting into my LLC towards real estate investing?

It's because they do not want to bother the tenants and it's a nightmare to schedule appointments with every tenant.At least in CA anyway there is a default inspection contingency period anyway after the offer is accepted.

He said they won't really accept low ball offers as they have to justify that low ball offer and generally get the full asking price, they will reduce the price of the property until they get the full asking price.

Nobody panic.Neither Freddie or Fannie have changed DTI requirements in LP or DU, and both underwriting engines accept some loans with DTIs greater than 43%.

What is an acceptable monthly cash flow to you?