This tenant has had problem in the past and was always responding quickly to email or calls, but he seems to have a new "strategy": he no longer answer emails, no longer picks up phone.He did not answer 24h notice posted on his door. 

I've tried to be direct with my questions/assumptions and moved the fluff to the end.Are these generally accurate statements?

@Rex CelleWhen dealing with larger multifamily and commercial properties, banks will always request a personal financial statement/net worth statement and REO schedule.

If this is the way you want to go, I’d suggest you find an investor friendly agent in the market where you want to begin and have him/her start feeding you listings by email.

I do not agree with that statement.

So it's just another bill you have to look out for and remember to pay...doesn't come with the taxes, easy-to-overlook generic envelope, no autopay options, etc.So it's more like a debt to me and it was good to find out (and have confirmation) that we can pay it off....which is sounding better and better as I type....OK I have only done them in CA.. and in that state they are on the tax statement..  

(His deal structure didn’t happen as I will mention later, emails attached in link, start from the bottom)Emails and Property Financials I left that meeting very confused, to get this deal done I needed to pledge everything I owned and have built to get this deal done.

I start emailing...

Last night after a long day of work and trying to buy a couple Christmas gifts for the kids (I am so behind) I got emailing/texting my property manager about an idea to leverage some staging I did at my apartments into a full on furnished corporate rental option....simultaneously I was emailing back and forth with my contractor about our rehab project....while simultaneously updating my website, tracking invoices, preparing financials for my CPA....and eventually at 12:30am I threw in the towel on getting up at 5am to get my run in (also training for my 23rd marathon).  

: 1) buy the house by using $50k in cash from a HELOC2) get an invoice from a contractor for the $15k in rehab costs before closing and put the $15k in escrow with your closing attorney in charge of the escrow3) on the HUD1 settlement statement, enter the $50k purchase price on line 101 as the "contract sales price", enter the $15k on line 103 as "settlement charges to buyer", and the total of $65k on line 120 as "gross amount due from buyer"4) the property gets rehabbed and the contractor gets paid through the escrow as the work is completed.5) get a tenant placed in the property after rehab is completed6) get financing on your property for the lesser of a) 75% of the ARV which is $67,500 or b) the "gross amount due from buyer" per line 120 on the HUD1 settlement statement which is $65k7) so overall, you get your $65k cash back out through a mortgage that is based on the "gross amount due from buyer" per line 120 on the HUD1 settlement statement8) you now have a rental property with a tenant paying your monthly mortgage and you essentially have no money left in the deal@Andrew Postell I read your other post, which was fantastic.