I believe that some overriding indicators for success is attention to detail, ability / willingness to learn and listening to the experience of others.

I believe they may only apply to owner occupied properties, but you should probably ask a local lender about those rules as I am not licensed in Texas.

Can't believe I missed your post!

I'm cynical, but I believe this was just a mistake on their part.

@Marco PadillaSome may disagree, but I'm a firm believer that title insurance is not an exact science.

Hey BP, I recently started a discussion called "Looking for feedback on my next move", and have since been giving more thought to obtaining a HELOC or Home Equity Loan as my "no or low money strategy".Here is the scenario: I had my realtor run an analysis of some local comps, and she believes my primary would appraise at $272K, and my loan balance is about $226K, so equity = 272-226 = $46K (approximately).

I do believe they are entitled to it since they are unlocking the land's potential, but my biggest concern was how little the proportion of the split is.

It seems that on the expense side is where my numbers become skewed from theirs.Then I’ll take what I️ believe to be the NOI based on my calculations above...

I do believe you are on the right track by fully disclosing EVERYTHING to the homeowner as this will either make you or break you as it relates to the REI business. 

I have found a property that I believe, the bank doesn't know they own.