I just joined a great group of investors that are absolutely KILLING IT nationwide!

Liquid capital available to pay off outstanding mortgage payments and stop the FC, but not enough to pay off remaining balance, as in a cash sale.

FYI,   before you agree to be the PM, make sure they don't have any outstanding lawsuits, financials are in good shape, etc.  

If you ever need help securing financing through HML’s – I work for a direct nationwide lender with a high leverage fix and flip programs as well as large balance commercial programs for both acquisitions, development and REFI’s.Always happy to speak in person,Alexandra

The lender may then qualify the borrower with a $0 payment.For deferred loans or loans in forbearance, the lender may calculate a payment equal to 1% of the outstanding student loan balance (even if this amount is lower than the actual fully amortizing payment), ora fully amortizing payment using the documented loan repayment terms

More importantly, it got me started.I'd recommend making sure the payment doesn't screw with any debt-to-income ratios if you have any loans outstanding (car, student, etc).  

Outstanding mort = $30K, 2% Note=$719. 2nd unit market rental rate= $1200-1400.

I'd like to do this nationwide and am working with some larger providers now that operate in multiple states. 

All kinds of things could come along with the property, back property taxes, hoa liens, outstanding utility charges, etc.

Terrance Jackson with Pinnacle Development is an outstanding GC, but primarily focuses on full flips, rebuild, and new builds.