In Florida where I invest I am seeing double digit appreciation on the low end homes and inventory is very tight.

If your objective is to get as much cash out as possible it may make the most sense to fix it first if you can borrow the 13k at a low cost.

The jist of the matter is that although this is a violation of the terms of the deed of trust, the probability of the note being accelerated is small.There was a time when interest rates went very high (in the teens) and many mortgages were in the mid single digits.

Thanks for the replies, helps me solidify my thinking about my objectives and how my strategy fits.Mike , I have worried abut the low income demographic of the community.

Can't really speak to the question of how much of a FICO hit you'll take on the refi or how long it will take to recovery.If you refi claiming OO status, then move out right away the bank might object.

Chad, you may want to refer to the 2% 50% guide many investors use to evaluate a potential property. a 90K purchase price should generate gross rent of $1800 a month. many investors settle for much less 1 or 1.5 % of purchase price if appreciation is the prime objective in the more expensive upscale markets. ( given your rent this is not an upscale area).

Our county clerks office seems to be pretty prompt about getting digital images online of records that have been filed.

To answer the question is that all offers are presented in a digital format.

i have a property I just purchased (last week) and am considering either rehabbing (2 unit) or selling out.Purchase price (total HUD) 12,300 or soRehab needed $25,000would rent for about $1100/monthOffer 1 is $16,000 cashoffer 2 is 12,000 cash and $800/mo for 7.5 months.How can i objectively decide between A. fix and rent, B. offer 1 and C. offer 2.?

I'll pile on with the same sentiment... the objectives you consider for satisfying your requirements for a personal residence will typically be wildly different than the ones you consider for an investment property.