I am not excited about the fat 39.6% tax bill I am creating for myself (good news bad news about having a good day job). 

They may qualify for your property on the site, but when you view the uploaded documents and see that he pays occasionally, and misses to or 3 months at a time, you can still select deny.

. :^) http://www.bloomberg.com/news/articles/2015-03-20/freddie-mac-selling-1-billion-of-loans-in-largest-deal

I agree with using an attorney to review your custom lease document.

But with no documentation you may loose.

I have acquired about 98% of them from the ‘for sale’ adds that I run in my local news paper for $10,000-$45000.00 deals on average.

The good news is real estate can definitely get you to that point.  

All lenders have a due on sale clause in their loan documents, but as long as your current they never use those if you transfer into an LLC a trust etc.

We also purchase rental units with documented (tax schedule) NOI.Paul Lavallee

The BEST way to get your foot in the door is to monitor it yourself, wait for the property to go vacant (even before it goes to foreclosure auction) and call that Broker or whomever is listed on the "IN CASE OF EMERGENCY" sign on the front door or window-- this is standard requirement again for most banks, placing that sign.4-Equity firms- Here's some good news...