It sounds like you are thinking of buying in non-local markets to where you live?

And if you decide to move forward, make sure they pay for the background / credit check fees, and clearly state that it's non-refundable whether they pass or fail. 

We create the LLC's in states that have non-piercing laws so that its more difficult to get to our personal assets. 

When it comes to assigning the contract, make sure you lock the buyers up on non-contingent agreements so they can't back out without losing their EMD.Experienced buyers are used to competing on deals and will fight to close as quickly as possible.

It is possible - but not likely if the payments are being made on time - lenders are to busy chasing non-performing mortgages to worry about one that is being paid on time - but it is possible - it never bothered me and I've done many of them.

Help me answer this question houses are selling at 220k non renovated and there is no available inventory in the area.

They're quite expensive, but maybe it's worth it not to have to install/clean laundry vents which might be more trouble since I'm venting out the roof.Thanks!

I don't want to chance it and what nasty residue is left on the walls that I will have to clean off. 

Also, the area around the house needs cleaning up.

The terms will be worse than what you would expect, typically with rate, but Ive also seen shorter amortizations.Appreciation tends to be non-existent in these.