Here's the basics on the house:--4000 SQFT (including 1000 SQFT finished basement--6yr old central unit and unknown age second unit--excellent foundation with no to very minimal settling--split level with large bedrooms and large bathrooms--1.5 acres lot in a good neighborhood with a few million dollar homes a couple of streets over--nice but neglected landscaping--built in late '70sFannie Mae wants $179k but it needs everything on the inside.

Double closings will work with REO's as long as the title agent/company will be open to it.

Can you double close commercial deals.

Ok, this is technically my first real deal on my own.Foreclosure in my town, found out about it via them coming to look at my current house that I'll be renting out.Property-2/3/4 bedroom half double, 1.5 baths (the 2/3/4 is its basically a 2 right now, with a 3rd being a walk-through into the master.

Is it true that double and simultanious closing ar different. and if so what are the differents?

These are the kinds of opportunities that are out there now if you're willing to look outside the United States.I guess a third item would be the recent boom in foreclosures- it seems we may have another mini-golden age of foreclosures.

Though i expect to contract for $255,000 Details follow. 8 plex renovated in 2006 and 2007: new roof, all apartments new carpet, painted, new windows, new lighting fixtures, new kitchen cabinets and appliances.4 two bedroom and 4 one bedroom all with w/d hookupsCurrently 100% occupancy with 1 year leases.Sheduled gross income $3300/monthtaxes and insurance $2500estimated maintenance $1800all apartments on separate water and electriclong time handyman on premises gets rent reduction for service.

We purchased a 2 bedroom 2 bath mobile home and placed it on a section of our property and rented it out last year.

^^^ I know that, I am doing my city, but I am trending for several US cities for statistics.I need to include cities I am NOT located in also.edited: criteria I am looking for: 5 or more units in complex, 2 bedroom/ 1 or 2 baths.

I think that I will go so far as to have two contracts with my birddogs and have a mini contract for the buy and holds that states that X property falls under the buy and hold contract.