Thus the lack of experience begins to show along with lack of maturity when things go bad, they fail to respond to people and ignore them, with some not even finding out a property was lost at foreclosure.

You need a place to live, so find something that provides a roof over your head and the potential for a return.I know a guy that buys fixer-uppers, lives in them for a couple years, renovates along the way, then sells for a profit.

NACA could call the loan if they think you didn't make a necessary choice, they do not consider paying off credit cards as okay.Your HELOC lender can also close the line if your FICO goes down or they find out they are in 3rd position.NACA is an amazing product no down, no PMI, low rate, no fees - you sure don't want them to call the loan.

I understand it take effort to find great deals. 

If you can't find what you're looking for, try the Bigger Pockets Fileplace.

Hello all,I am located in South Dakota but I am currently in the process of trying to close on a subject-to property in the Chicago suburbs.This will be my first subject-to so I am unfamiliar with the process and am currently looking to find an investor friendly title company in/near chicago that can help me close with a subject-to.If anybody has any recommendations for a title company and/or the sub-to process it would be greatly appreciated!

Now if there is a defect in the foreclosure process, the court may set the deed aside and instruct the Clerk to return the buyers funds but if the buyer later finds that the borrower foreclosed on only had 50% of the title, to bad so sad. 

Then get with your tax Person to find out what the cost of this type of setup will be, and also talk to your lender to see if this is going to put any restrictions on your borrowing.Good Luck! 

However, if you are going to take advantage of cost segregation, I would recommend working with a CPA that specializes in real estate such as Michael, Ashish, etc. or I'd be happy to provide additional recommendations rather than doing it yourself through turbo tax.Here's an article with additional FAQs on cost segregation studies that you may find helpful.

I know a  couple of people that are doing find on their own for that kind of product.There is a Facebook group called Coachella Valley Short Term Rental Owners that I created a while back.