Having a single source of capital is great, and "easier" in terms of relationships to manage, but it is also high risk.  

And for those who have a hard time finding good contractors, what would you say is the number one reason it's hard to find a good contractor and what would you suggest as a good fix for the issue?

We had catastrophic floods here in 2013 and it took a long time, but we recovered. 

HELOC is the best option 90% of the time.

I did look at some of the material participation criteria and we should easily surpass the requirements since we pretty much spent time improving the home ourselves, managed all guest communication, etc.Thoughts?

-StacyWith more interest in AL, the time to get a quote back from a State submitted tax property ‘had’ become increasingly longer… but the State has decreased their time to 10 days (which you used to be 21 days) for all responses to quotes so if you’re in line and the applicants bypass before it’s redeemed you can get a quote sooner.  

Also the person we fund is not under a time crunch to try to get the deals to work  and has to run their business partner through the houses which we know is not their business partner just a litnay of white lies these guys tell sellers..

I was interested in this type of deal because being I am well rounded in construction for me seem to be a good first time investment.

And my agent for the replacement was already my property manager for my other rentals so I used their realtor service.

And the cost to mitigate was over 1 mil.. so we just had to fence it off and we lost I think3 or 4 lots but did not have to do the work.. lot values at the time ( late 80s) were 125k each but we did not have to run utls which was 30k each ..