No pattern of previous flipping exists for the same property within a 12-month time frame 4.

If you are able to identify the right property & negotiate well, you may increase your profit potential as there is a good return on investment.

If the lender gets wind that the defaulted borrower has vacated the premises, the lender will see to it that the property gets secured to protect the collateral backing the loan; this is usually permitted by wording in the loan documents.Now, if you think somebody at Wells Fargo actually can identify that there is a set of keys somewhere in their possession, and find them so that you can get in ... well, let's just say I wouldn't be surprised if they re-key the place after the foreclosure.

The goal is to be able to identify the statistically best places to look for investment opportunities.

Recently in our area, reality seems to have finally sunk in.The economic realities have begun to cause rental owners to really react and aggressively cut prices on their units.No new jobs, layoffs, less income, people leaving the area.Both SFR and multi-family are affected and those with no mortgage or lower runtime cost structures have more flexibility with their pricing and are able to find tenants, though no where near the quality of yesteryear.Previous to this year, rents had remained fairly stable maybe down 5-10% but nothing compared to the 20% we are beginning to see now as desperate owners are realizing that they may lose their investments if they do not find tenants.The lower quality tenants actually have their pick of units now versus unable to find anything.As far as investing in new properties, it is a dangerous game if not backed by cash reserves, today's "low-money-down" owner is tomorrow's foreclosure.We see nothing on the horizon to change this pattern, rents will seemingly continue to drop and day-to-day management will continue to take more time and effort due to the lower quality.

The Fair Housing employees are skilled at identifying such behaviors.

If you feel you still need more you can PM me and I'd be fine with helping you identify some things that might work for your particular situation.

No, I don't eat the costs, those costs were already identified in my repair estimates and my offer was based off that.As for the foundation question, not always a deal breaker but most of the time, yes.

The score is very important because it identifies the amount of risk that they are taking in making the loan.

I think the time line is that you have 45 days after the sale (or first sale for multiple properties) to identify the three candidate properties, and then 180 days from the sale to close.