., you may not need to use a mortgage broker.Be cautious about making too many formal applications anywhere.

I would do this very judiciously because cash flow does not work with super high acquisition cost.

And there's no formal way of claiming primary residence, so you can be "living" in the house that needs rehab but still live in the apartment.

Do you need formal language?

If the owners fail to maintain a formal legal separation between their business and their personal financial affairs, a court could find that the corporation or LLC is really just a sham (the owners' alter ego) and that the owners are personally operating the business as if the corporation or LLC didn't exist.

So in my mind you either work in the industry to get the experience you need to really go big or you have a very formal education and understand money management and contracts and law.. 

@Erick Martinez Arizona is a non judicial foreclosure state, the trustee is just who handles the foreclosure process for the bank.

There is nothing wrong with you inquiring and asking for the listing if it's not on the MLS as you need to know about 1. your agency relationship and 2. co-brokerage arrangements before you make an offer.If he just has a pocket listing, he can probably formalize that at any time, even if he were shady, his relationship will probably survive.

On my second building, the bank liked the numbers so much they didn't do a formal appraisal, just a BPO, which save me almost a $1000.

Doing this allows our LoIs to be much better targeted and/or saves everyone time by letting us know a more formal diligence would be for nought.