WOW,thanks for the info about the 6 months eviction period allowed for a purchase of foreclosed property in the state of Michigan. i am just getting started and this is a real BOMBSHELL to hear.

Simply put, there are a lot more co-hosts/managers like myself and yourself who got started self-managing their own properties around covid and are now afraid or unwilling to buy new properties at current prices/rates, but want to use their knowledge/experience to keep increasing income in the space. 

I get more cash upfront, cashflow after my cash-out refi, and I net more on the sale because no realtors involved.Young family that the husband started a business 1yr ago so couldn't qualify for a mortgage, but they wanted to buy a home. 

I’m just starting to explore the world of real estate investing here in the Bay Area.

He will tell you, INTER ALIA, that you want inspection, financing, attorney review, title review, insurance, environmental, and survey review.Second, get a GOOD home inspector lined up.Third, get your banker lined up.THEN you can start looking.Also, keep in mind that backing out of a contract must relate to the contingency being used, and can only be triggered AFTER a good faith effort comply with/fulfill the contingency.

This sets clear expectations from the start and helps avoid potential conflicts later.

I have a great cash flowing LTRs and just started looking into MTR/STR space in Boston and surrounding areas.

After you own the house, you can start working on a mortgage to refi the loan that the sellers gave you and they'd be paid in full by the bank when you close on THAT loan. 

It sounds like you’re off to a fun start—just remember, when it comes to your first acquisition, don’t let it go to “foreclosure” or you might find yourself in a “rehab” situation!

I’m looking to start out investing in real estate very shortly.