Official paperwork should be prepared with a real estate lawyer, and financial examination should take into consideration interest revenue, tax consequences, and market circumstances.

Once a foreclosure is commenced the borrower's credit is severely damaged.

Thanks Scott I got a nice mention this week on Dave Meyers post about RE asset class. and one of the BP members a few years ago sent me a nice e mail and we talked through a deal he was doing and he gave me some credit for helping him structure and or giving him encouragement to go for it.. and I believe he said this year that one deal netted him 143k in cash flow.. talk about a Yatchzee..

Keep using your 2/5 primary no tax up to $250,000 and your basic rent offset cost for the investment.2.  

For all these reasons we will confident in this area.We have similar deal going on where we sell our properties with Build in Appreciation (8-10%) we do free property management for 1 year, and guarantee rent for 1 yr (rent gap credits.) 

Try Associated Credit Union in GA.I got a 2nd home loan from them in the past.

A lot of areas are cracking down on STR and/or charging fees (taxes) to run one.

Verify if there are any outstanding violations or issues that need to be addressed.Financial Analysis: Review the property's financial records, including income statements, expense reports, tax assessments, and utility bills.

I have investments in Loudoun and one in Clarke County doing extremely well but bought everything in 2008-2013 and have been hibernating since..looking further out in Charles Town WV specifically because of location closer to Northern VA also the taxes are cheaper.  

I think some markets, mainly the STR runners, have another 10-15% to go then the markets hit by HOA/HOI/Taxes still have a bit more correction to go for.