Looks like you've started already - you've got the website in motion . . .

Yes - don't forget about the little things....carrying costs - which is not just the mortgage, but also heat and electric...closing costs (always more than you expect them to be)...minor things that add up...ie - mulch in the yard,new smoke detectors, light fixtures, dump runs, whatever.

The BS detector is ringing...If you want to explore further feel free.

So far I came up with:Disclosure Regarding Lead-Based Paint HazardsSmoke Detector Statement of ComplianceReal Estate Transfer Disclosure StatementTermination RightI know there more but im looking at what is commonly used in Real Estate.

And it's always a spectacle to watch when the strippers come in and want to argue about why they have to take off their stilettos to go through the metal detector...on their way to Child Support hearings...anyway the auction.So yes, it's my understanding the Indian couple will buy anything and everything because they turn around and rent it to whomever is currently living in the property or anyone who is willing to rent it as is.There is another really really tall guy (hope he's not reading this) who buys until he and his cohorts run out of cashier's checks.

Unless your buyer is willing to purchase as is, without insurance, you will need to do this.Quiet title can last 90 days to 6 months on average, but can also become drawn out if the homeowner cant be found or files answers,motions, etc.

Lots of sociopathic personalities out there,, however at the end of the day buying rehabbers is not a highly complicated business as you state LOL, I must have the same algorithm hard wired in my brain along with my lie detector eye balls, I certainly got my share of liars and embellishments, but none were funded, maybe it's my cynical nature, maybe a bit of human intelligence gathering from my Army intelligence days, could be the old examiner days that sound off alarms, might be prudent lending practices that made me so lucky, maybe all of it together just didn't give those types a snowball's chance on a hot stove of getting past me, since it never happened with my money or my client's money.

Matt Gillis,So 2 years later, have you made any motion on the 7 year plan?

@Jon Holdman They motioned the court with the other offer, which is 220 with 5% down with a 30 yr mortgage.

Even though I had gone through the motions in the past, I am getting more advice and resources here than I ever have before.