Subject-To: Actually more cloudy on this issue since the new law passed making it illegal, I think, to take someone's house over subject-to if they are either in default or become in default as well as illegal for an investor to make up the back payments and take over subject-to.I know all of this is done with the best of intentions.

It's partly a question of intent," Van de Water said.

So yes, I do have a regular job as back up as I have restructured my business into doing mainly short sales and wholesale for cash flow with the intent of pushing those funds into rental income properties.

We are not looking to reinvent any wheels here, just do our best job and get on with it.I said I'd make it short, sorry, that didn't happen did it :)Also, I really hope I didn't sound too arrogant, that wasn't my intention and if a HML guy wants to step up, go ahead but please, don't try to hide anything because I'm going to ask for a break down of every single dime during the course of the loan.I'll go now, thanks guys.Mark

Is this intentional?

I don't know if you guys have considered the possibility of someone intentionally looking for some kind of ammo to use against you to bring up a lawsuit.

@Robert Adams My investment strategy is to pay cash for undervalued wholesale/flipped properties with the intention of holding them as rental units to yield cash flow.

Obviously, there was hidden intent there to raise their credit so they can afford the $20,000 diamond advance training. 

The question stated in the subject is one of the areas my mind considered....in particular the question is in relation to purchasing a buy and hold property via hard money or private money with the intent of refinancing.....my train of thought, and it is likely wrong, is that sense most traditional mortgages require 20% down, it is in your best interest to rehab the property to at least 125% of the original purchase price.

Or would it be better to go to a smaller banking institution and develop a relationship with the intent of getting portfolio loans with them in the future (once I get to 4 rentals)?