I don't know of the real estate market there, but their Magnolia brand is sure to be a hit.

You can buy performing notes for all the benefits of amortized payments w/o the hassles of termites, toilets, and tenants.

@Brett Snodgrass  in my mind totally market dependent.and generally speaking if you have no other way to get properties one probably relies on them and you wade through the garbage to find a gem.those that tie up MLS properties and then try to resell then like happens in Texas I have ZERO respect for... to me its bush league.I know my clients get deals from wholesalers but me personally I don't have time for them. far to many are brand new and do not have a clue and the one's that are experienced have their buyers already...

I'd recommend performing the escalation to the loan officer's manager, ask for someone who knows what they're doing, and see where that takes you.  

Then the banks will require details on the scope of work performed.

Hello! I am looking for a source for secondary income. It has come to my attention that real estate is a great place to start. I am looking to buy a small house (max $100k) and either rent or sell after minor repairs....

My advice is to stay away from commercial property until you understand how it's valued, and can perform a proper due diligence and valuation.    

You will be the new owner, but still perform a title search as there may be unforeseen additional issues.  

If the testing was performed by a home inspector, hopefully they are Registered Radon Testers with the State, and if so they are required to report it to DHHS on a monthly basis.  

What I would want to do in that situation would be take the performing asset to the local bank, get a 6% interest loan with a 15-20 year amortization, and then go to private money/HML for the rehab project, then refinance it when it's producing.