Unless state law requires foreclosure procedures under concepts of courts of equity, the procedures are NOT the same as a non-judicial foreclosure. 1-4 is a SFD, if a property, any property is to be used commercially or has a business aspect, it may be financed as a commercial loan.

You can't use words like "guess" or "about" when making a decision on what rout to take.Find at least 5 properties and analyze them with real numbers, then you can use that to define the basis for your goals.Next, figure out how you are going to buy them, what cash you will get back (cash flow), and then how much money you will have available (and how fast) to move onto your next property.By the way, if you're working full time, how/who is going to manage the rehab, the tenants, the analysis, the business side, etc...These are not road blocks, but they are things you need to establish before you can put a business plan together.  

I am a general contractor and am familiar with the physical aspects of home improvements.

The will defines how property will be distributed to heirs  The executor must compile an INVENTORY of all possessions/property in the estate.Consider this example:In the case of my dad's passing, we took a long time getting the inventory compiled, and it was months after we filed the probate before we filed the inventory with the court.  

***************************************************************My cost to Buy/Rehab = $  75kARV after rehab               $160k75% ARV (in 2mths)        $ 120kRent =             $ 1500R/I                   $   350PM (10%)        $  150MTNC (5%)     $    75D.S. on REFI   $   400   (only did 75k refi)NET CF        = $   625/month      ****************************************************************Joe VilleneuveREcapSystemA2REIC     Can you define all your acronyms to a newbie?

It handles all aspects of managing rental properties, not just accounting.

If you plan to scale and grow a business I would define your cash-flow, and allocate it to certain uses.

That is all I will do, I will never talk about audit trails, examinations or audits in detail, it's classified to some extent, if you need to know more most examination procedures are in the Examination Procedures on the internet of each agency, what is not posted is internal aspects and techniques that I'm never going into in a public forum.

Welcome to BP community @Omar Parks  It is a great place to meet new friends and learn about various aspects of real estate and more.

This is when the refinance process is started.As we were a week beyond the committed timeline to close (on or before 4/11, and you closed on 4/16) we credited the difference in the monthly payment for 2 months as well as waived the extension fee to ensure you were not out of pocket any additional funds as a result.Again I am more than happy to discuss your questions / concerns verbally at your convenience today or tomorrow as I want each of our customers to fully understand every aspect of the lending process and each product that we have to offer.