Clearly you need a niche.

Beyond this, I'm pretty clear on what to do.My hang up is, creating the EMPTY trust.

This is posted at https://www.gooddealzone.com/financing/100_ltv_loan/100-ltv-loans/Repayment: $500 per month for every $100,000 borrowed (equivalent to 30YR Loan at 4.375%)Origination: 15% origination cost (can be paid out of loan proceeds)PAYOFF FEATURE:If all payments are made on time, no balloon payment is required; loan will be forgiven at month 60, and you will get a free and clear title in five years.So, literally, for every $100,000 borrowed, your repayment equals $30,000Raymond

I always search the oldest properties first. 30-40 days is when I guess the asset manager starts to realize something is wrong plus it clears out the 15 day owner/occupant BS that the govt loves.

I still have other homes free and clear, and would be more than willing to move into one of those and ditch the one I'm in if it ever became too difficult to make the payments.

I am clear with them that the app fee is non-refundable and that we do run a credit check, not to check their credit score, but rather to verify the information they put on the application.

They also asked that two of my free and clear properties be used as collateral on the LOC- making a total of 4 properties as collateral, roughly coming to a 50% LTV against the total LOC available.Any thoughts on this financing scenario?

I can tell you the obvious... that markets are local and even local MLS statistical data doesn't necessarily give a clear indication of sales impact on the street level dynamics for rehabbers and investors.

At all times I maintain assets in high LTV properties, free and clear properties, and adequate cash to take advantage of situations beneficial to that.

I have ACH setup for most tenants through Buildium, which works well since it clearly shows the outstanding balance (rent + any late fees).