Also on some local auction sites for the DMV, they have a list of lenders who have approved lending for properties that require significant work.

Helen, I would have a home inspector check it, i am sure your lender that you find will want the home inspected anyway. he may not get to much into it but to say that the beam sags and may be a problem. the other thing you can do is have a reliable contractor look at and see if he can dig in and find out the cause and what it would cost to fix it if you have to, nobody on BP or any site can tell you without looking at it.

My borrower/buyer referrals are pre-approved in advance and these are clean Mortgage Broker to Buyer Agent referrals.With being set up on MLS notification to receive alerts as well as the many other sites like Trulia/ Zillow, etc., from there we just need a lockbox code and negotiating skills to secure the best price, in addition to the $12,000 Realtor Rebate to borrower at closing.These are on the sales contracts and on the final CD or Closing Statement. 

I don’t want to pounce on a bad deal just to hit that mark.I’ve started our search by scanning through and quickly analyzing properties I’ve found on sites like LoopNet, Realtor.com, and Redfin.

Good day folks,Love this site and the podcasts, wish I found it sooner. 

@Chris Seveney  that's interesting.. lets say you buy a rental for 100k with minimum down  20k.you make 150 a month cash flow ( realistic numbers unless you value add or get some smokin deal)something happens and you need to sell in 5 yearsyou bought for sake of argument in a non appreciating market as many on this site admit they are fine with.. now you go to sell.. 60 X 150 a month = 9k   you have 10k in sales costs.. figure 6% plus closing cost plus seller credits and honey dews on the house plus it makes the math easy.so you net 90k  add in your 9k positive cash flow your at 99k... so just about break even but now your had to recapture 15k of deprecation and pay tax on that lets say 5k for easy math.. so now over a 5 year hold your 150 a month Coc really has a negative IRR since you lost right at 6K of actual cash and your only gain is whatever little principal pay down you got on your longer term note.Do you think I have that right.. only reason I bring this up is I sold a bunch of my rentals and that recapture hit me hard personally.. but I just wanted to reposition to notes as I am not a very good landlord..I think this is why if you think my numbers are correct.. that folks need to accelerate pay down so that you can pay these off quick so if U do need to sell and most people sell every 7 years stuff happens they have some true equity. or at least some cash coming out of the deals.

My brother showed me this site because he has begun the steps to becoming a rental property owner.

Not sure if you are wanting a website for your business or looking for someone else's site.

Search the site for recent forum threads on this subject; you will find a wealth of information.I always recommend that OOS investors look for places that are easier to get to and places that you want to visit since you will be going there regularly. 

I’ve ‘lurked’ boards, read books and blogs but just haven’t been able to actually make a move beyond a personal traditional real estate purchase.