Sure recipe for disaster, in my opinion.Would also say a big resounding NO to debt - find an affordable market (and you don't have to limit yourself to your own back yard, the world's full of those at any given time, even if there's nothing around your home town at the moment), and don't give in to the temptation of easy money.Kenny Estes wrote a great piece about that one, and I couldn't agree more - http://www.biggerpockets.com/renewsblog/2013/07/24/real-estate-leverage/(all of the above is just my opinion and experience, of course.

It is widely known that there are saturation limitations for underwriting loans regarding occupancy of the condos in a complex.

How about the idea of putting something in the lease that will motivate the tenant to turn in the checklist within a certain time limit?

Thanks everyone for your quick responses.In general I'm just trying to understand the limitations and benefits for using that line of credit.

Folks who were just assuming their pensions and social security would support them in a reasonable lifestyle may be in trouble with the funding for that pension dries up.

for trim, behr swiss coffee off the shelf. slight warm off white. looks great, and goes with a lot of colors.

If you find a guy with 20 properties you will find multiple banks loaning the investor money because most of the small banks limit outstanding loans or cap the total outstanding loan amounts.

From my limited understanding and searching around on google, it seems appraisals are mainly important when there is a loan of some sort involved.

Investors can pick up VA foreclosures with limited down (5% if I recall) and you don't need to be veteran to qualify.

I think today if the parties are unrealated you might have a problem unless it's a non-owner occupied purchase.As J. mentioned it's highly unlikely IMO that they will change buyer after submitted, that would indicate to me that the buyer doesn't have their ducks in a row as well and might consider file 13.As to the QCD, this was the way to do it in the past but I believe today (as things change in RE) that there are some areas that have title issues with the QCD being used except in limited and more customary instances, like between husband and wife from a divorce.The problem seems to be that it weakens the chain of title as to "only that interest" being conveyed.