TONS of people don't follow that rule and have done very well, but I wouldn't recommend it for your first property.I live in Chicago but don't invest here for the most part.

I’m sure a lot of people heard about Sub To financing.

Propstream tends to be the one most people use but Dealmachine has some amazing data that propstream doesn't. 

That describes many people in education. 

If not, I've heard many people recommend a contractor or possible cash buyer.

Some of the usual reasons why people would sell to these companies: If there is money owed on the house, the house is in terrible shape, you don't feel like dealing with selling it, or you don't want to pay realtor commissions.

I'd say it's hard to get both. the best construction finances are on biggerpockets. we give 5-10 to our clients to consider and talk to whether they use them or not all the lenders know who we are and we form relationships with all of them. most are active on biggerpockets and can help get people out of construction even if they don't know anything 

Happy to be here and excited to learn and grow from the people I connect with in the community.

In MD we have loss-mitigation laws passed after housing crisis that exposes you to great deal of liability if you contact people 60+ days in default  and offer to buy their homes.

I wonder if Newsom even realizes how much pain he causes landlords; if the laws were fairly balanced for both tenant and landlord, most people would be happy.