However, if you have an interest-only loan during the first two years, the debt service is lower, thus the cash flow is higher and could meet or exceed 8%.

While the HOA has a strong argument using this clause against you, I think you have an equally strong argument that the spirit of that clause was to stop owners from selling products or services out of the home, not to stop STR.

I'm just not sure if the bank/servicer are obliged to bid the market price minus the Net Value cost factor (15.95%) or the balance of the loan.

Need some guidance, I have been trying to learn everything as fast as I can (2nd week on BP) so wanted to test out what I have come up with some far and get some advise and get some validation if I should rent or sell my current house or use the money to buy other properties.

And you may also be able to order it through your licensed servicer.

Realty Trac or foreclosures dot com all feature services that show you for 7 days properties in your area, as well as the equity in each deal. 

See which neighborhoods they buy in, get their criteria, and offer your services as a bird dog and/or wholesaler.

So in terms of process, do you jump directly to asking specific questions (such as to estimate capex, etc) when a property passes your 1% test?

Hi BP,I've seen this question a lot in the in the forums, so wanted to start a thread with all info in one place:All Investors :What sites / list source services are you currently using to pull lists???

Or can you set up shuttle service to a nearby lot?