Originally I was going to flip it, but decided to keep it and it has performed for me well.

I am looking to buy my third investment property, but trying to figure out the financing situation.

Hello All,I am new to the forums, so please don't attack me if I'm asking the stupidest questions. I have been reading Brandon T.'s book on "Investing... No Money Down" but I haven't yet networked enough I think and I...

Based on promises of future action and performance, less than 5% of newbies ever follow through. 

This means:Even though the tax card states that Bank of America is the lien holder, there's a possibility they've disposed of it (selling their non-performing note) prior to initiating or during the foreclosure process. 

Third when he got his income tax in to go to a local bank and buy a Certificate of Deposit.

I'm not sure what their split is.Starting out you'll have to be extra cautious since you may not know how this contractor performs.

If the borrower performs, we will negotiate a modification.  

I performed an electronic leak search and found the air handler evaporator coil leaking.

.   :-)I usually perform my own renovations and snake my own toilets if possible.