Short answer is, "Yes".As others have said, the major impact has been in the "Sub-Prime" sector, but it isn't limited to that.

If I could put my hands on my small thermometer that I use for measuring the vent output I could see what mine is doing.

My current "cash" situation is still somewhat limited, though I do have a $200k HELOC, and considering applying for a business LOC through the remodel business as well to help add "instant funds" for purchases just not sure how much sense that makes either yet.

the reason i say this, is according to what i understand the end buyer coming in with the money to close would be limited by the financing they have been approved for....i.e., lender (traditional) approves end buyer for x amount, but they do not typically like to lend or approve a "land trust".....in addition, the lender would be requiring title insurance and a lender's policy...but, this could not happen via a land trust.i hope i explained this clearly......please correct me [anyone] if i am not thinking straight.....

The contact will have a time limit.

Just based on the limited information provided, I'd be inclined to do the duplex route.Owner occupied can help you quickly determine if you have the stomach for bigger/better deals in that same area - or if you need/want to adjust your investment focus. :)

For you and your family Nate, the sky's the limit.

The loan does not specify who you have to use for the repairs (even the borrower), but they have to "be qualified to do the work and complete it in a timely and workmaship like manner"The budget would be very important as the funds for the repair are limited + small amount of contingency funds and are held in escrow until the completion of work.If it is a HML than the budget would still be important as you would have had to calculate them as accurately as possible to protect your profit.

MikeI'm not saying that is my strategy, but I bet the ROI for a property in WA purchased 10 years ago would be much better than that of a property in OH.ROI is not how some measure success.

I have 4 guys that work for me full time and do most of my repetitive tasks such as but not limited to: painting, cabinets, roofing, siding, yard work, windows, tile, carpet, light fixtures, and light plumbing.