Like any new friendships you dont know which will last and which one wont.

I see a lot of foreclosures going on and I just want to make sure I can identify what situation I'm faced with so I wont act like a bumbling idiot.

They probably wont know where they have seen it, they will just find the name to be familiar to them.

if they wont give you a copy , simply call or write the tenant and ask them for a copy , offer them a couple of dollars if need be .

Some folks on BP are still doing lease/options in Texas, which suffer from the same affliction.

I believe a personal guarantee is a backup to be pursued in court after lender has already gone through the normal foreclosure process and has suffered a loss.The one action rule applies and is not overridden by the personal guarantee To get a deficiency judgment you would have to either foreclose judicially against a purchase money loan, or, I guess you can get one after a trustee sale if a sold out 2nd or non-purchase money (refi) loan.

Its better to find out what will be allowed than the spend time attracting tenants that wont get approval later.Beyond that, some markets are becoming centralized, meaning a collection of one service or retail segment.

I am sure everyone suffered to some degree, but the mark of a good long-term investor is someone that has a portfolio designed to weather the storms.

It will probably be wiser to get a 4 family so I can use the FHA loan and wont have to use all my savings.

I'm concerned the VA wont allow me to use the loan for purchasing multifamily properties for investment purposes.