Banks often require you to have a full set of documents including an accepted offer in their files and the short sale case oened 37 days prior to the auction date. 

I spent the summer furnishing the house, to include building bunk beds in my garage.

@Jay George if you put 20% down you don’t have to include your taxes and insurance in your mortgage payment.

The most important thing is taking action...                  

Hey Travis, I close a number of these for clients, usually more common on properties that were wrecked by previous tenants and they want to use existing equity to help repair the damages.We would classify it as a 'Refi-rehab' that would include a direct 'cash out' portion as well as a rehab escrow to reimburse you after you finish the repairs.

Its hard enough to find the "right" house to live in, but when you add factors like: foundation repair, new roof, new hvac, complete cosmetic over haul, it makes it that much more difficult.Certainly can be done, and not only that, you can find a house in Collin county off market cheaper that what you would pay retail.Its important to make sure you have a resource for properties, an investor friendly lender Ie.

Handling a tenant who has breached the no-smoking clause in their lease can be challenging but it's important to address it promptly and professionally.

I wish everyone would read this and understand how important staging is.

That will give you the zoning code and other info (especially important if it is a multi family).

Dealing with insurance and repairs is secondary to the wellbeing of your tenants and neighbors.Once you've confirmed everyone's safety, it's important to document everything thoroughly.