I will already have done my comps but since I live in Australia, I need a set of experienced eyes to go into the house and find out what is the current state of that house, and an assessment of it's current value.

That would you give you time to get at least some of the units cash flowing and performing.Keep us updated on your progress!

I've gone as far as finding a company that'll find and assess the homes and literally show me what the potential earnings are after flipping and I can't even do that.

I have talked to Wells Fargo and another bank and they don't give you too much info until you have the building in hand.Specific questions:- I assume bank sends their inspector to the building to assess, any idea how much this costs?

Typically, if a homeowner doesn't elect to pay the special assessment in full, a lien is placed on the property until the debt is paid and then released when it's paid.

In the end, my only choice was to get a soil sample test ($500) and based on the results, assess the level of risk and choose to move forward or walk away.

Scott)To be more successful, you simply have to work on the other elements to progress your REI pursuit.

Welcome to BP neighbor... and well done on your progress so far!

That said, I do assess late fees as soon as a tenant is late, so they know not to take me for granted.

My question is regarding all the banking/financial matters like collecting HOA fees or levying assessments.