I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

I definitely wouldn’t be trying my hand at this otherwise!

Thanks Chris -- will definitely start talking to specific lenders.

I will definitely do more research.

Point being - if it is a nice house, and an INCREDIBLE deal at the opening price, you will likely find lots of bidders bidding - and the price will ultimately end up being 10-15% off what it would sell for on the open market This is definitely not a certainty... you hear stories all the time where someone gets a hell of a deal... you just never know... but on average (where I'm at)... nicer houses sell for a price that is discounted, but not a crazy steal. 

Some our fellow CPAs out there will have a more definitive answer for you. 

I am not sure if there is any legal obligation to provide my personal details.

Hi Paul, Imagine turning that fixed-up basement into a cozy living space that adds value to your home – sounds tempting, but is it legal?

And property taxes are one of those ways unfortunately.Yea, I've definitely heard about Texas' property taxes.

We believe underfunded investors doing creative finance are a legal danger to themselves and to the seller.