I would recommend extreme caution about getting anything started that you could not have finalized before leaving.

Just starting out with BP, but thought this would be an interesting post to start out with... 1) 97 Days from Acquisition to Flip Closing Purchased: $28K +Rehab: $28K +Interest to investor: $5K Sold: $100K -Realtor: $6K -Concessions: $6K ---------------------------- Net: a little over $26K 2) 105 Days from Acquisition to Flip Closing Purchased: $54K +Rehab: $6K +Interest to investor: $8K Sold: $100K -Realtor: $6K -Concessions: $6K ---------------------------- Net: a little over $22K (had to rent property due to FHA-90 day rule--made an extra $1K from it) 3) 32 Days from Acquisition to Flip Closing Purchased: $28K +Rehab: $0K +Interest to investor: $500 Sold: $35K -Realtor: $0K -Concessions: $0K ---------------------------- Net: a little over $6.5K REOs are fun when you can get good deals.

The units I do go after in which I keep s rentals are newer and in nicer areas but cost 2-5 times more than yours do so my acquisition costs and debt leverage amounts are much higher than yours.Fortunately, I have other sources and means of income besides rentals so I do not rely 100% on rental incoem to survive.Between commercial, flipping residnetial, land development, spec building, short pays, sub2's, etc, I have other income streams.Again, the course of action is up to each individual.

Call a bunch of title companies and ask them, they would know.You might or probably will get a lot of title agents have no clue what your talking about so they'll be like, "whats your number and I'll get back to you"if those words are mentioned, either hang up and call another title company or ask them if they can do WRAPS.Wraps are very similar to Sub2s and there is a chance that a title company will understand that.If they tell you NO you cannot do those transaction here in NM, ask them for the proof that you can't or refer you to their legal department to have them explain why it is not legal whether they call it a Wrap or Sub2You could also contact the Attorney Generals office, but your not going to get any straight answers there unless you can find an article or press release relating to Subject to's or 'creative acquisitions in real estate' detailing certain laws that they will most certainly cite in those press releases/articles.What ever you do, do not go to the department of Real Estate or any other agency that is obviously funded and structured for Realtors b/c they will tell you anything outside a standard typical transaction involving an Agent is illegal.Hope that helps

The forms, along with the "Final Report" accounting are in the file.

You'll be surprised when they finally open up.Good luck!

The cash flow is determined strictly by the numbers: gross rents, operating expenses, and acquisition cost (purchase price + rehab), which gives you the mortgage payment.

The reason being property owners pay the tax bill after publication but before the final foreclosure deadline.

We finally got someone interested in buying the house that was able to qualify for a loan.

Finally, and most importantly, I would MOVE!