Additionally, I've been told ( and read on many sites) that if a junior lien holder is foreclosing... the senior lien is Not wiped out and the new owner becomes responsible for The entire amount owed on the home.  

If you have any additional questions and or concerns PM and I will be more than welcome to help.

Hello, I am looking to acquire additional long term rental assets but am running into issues finding a lender that will fund me due to the fact that I had a foreclosure 4-1/2 years ago.750 credit scoreGood incomePlenty in reservesLooking to acquire properties 180k and below with 20-30% down but haven't been able to find lending.Any suggestions?

I additionally will transact on the side but that's neither her nor there.

That network will prove valuable as I move to more properties. 5)- Create a LLC for your property.

You have construction background, which is very valuable in this industry.

A lot of our rehab clients set up construction management companies and run the draw deposits through their business account and then leverage the cash flow of the draws to get the additional business line of credit to use as gap money. 

I am deciding between a gut Reno/addition and a tear down to the basement.

With a WordPress site, you own the hosting and most of the content you just use their CMS (Content management system).This allows you to be a bit more flexible with the places you host and how exactly you market you site, unlike the sites like Wix or SquareSpace.WordPress also makes it extremely easy to manage any leads, integrate new plug ins and really add valuable features to your site.Here is an example of breakdown costs:Wordpress Theme: $5-$50 (One time)Hosting from HostGator: $5-10/moDomain name - Namecheap: $14/yrCustom email address - Google Apps; $5/mo.MailChimp - to collect the emails and allow you to send out emails to a mass audience: $10/mo. or FREEYou of course don't have to do everything here, but it's a good example of the costs.

I would not count on the garage for any additional income.