If I am flipping one that I bought at sheriff sale, where the previous owner is now in parts unknown - well, that's not going to mean much in this case.As for buying REO, the title on these can transfer many times betwen different banking type institutions like mortgage insurers, mortgage guarantors (think Fannie, Freddie, VA, FHA) and banks.

Bloated government is an understatement.The problem is that once these programs are instituted it is twice as hard to abolish them.

You might point out to her the cost involved in using a hard money lender to circumvent lending requirements due to her refusal to participate.

Thanks to everyone who has participated here and congrats to everyone who has benefited from this incredible information, networking, and dealmaking resource.Please read more of my thoughts on the following blog post:300,000 Forum Posts and Counting at BiggerPockets.com!

I'm glad you're a fan of the site and look forward to learning more about you as you participate here.Best,Josh

While no lien exists unless funds are disbursed under the agreement, the lean is open and can be made to a maximum amount.Gun shy is a good description of an institutional lender in this matter.

It’s you and your company and you must scrupulously keep track of the retirement roll-overs and contributions from each participant.

I would think if you disclosed the damage as water damage, you'll be better off, but if nothing were disclosed....well.....you might have mentioned that and I may have missed that.My only point is the standard is higher for individuals and especially Broker/Realtors than an institutional seller.

I recommend reading Real Estate Development Principles and Process by the Urban Land Institute.

I'm in Baton Rouge, LA (SE Louisiana)Thx If you're putting in $50-100K of cash, and can expect about 15% cash-on-cash return, then your annual cash-flow will be somewhere in the $7500-15,000 range, or about $1000/month.If you want to increase your monthly cash-flow, you'll either need to increase your investment or increase your cash-on-cash return (which will in-turn require increased risk and/or increased active participation).