Not sure exactly what year it was, but also remember my husband upset that he had made more that month in the stock market doing no work than he did working for 2 weeks of his vacation to buy the house and turn it over, so that was an aspect at the time as well, although if I remember the market only lasted another 6-8 months before crashing, while our rentals held their value.

If you are not I would try to avoid that expensive transactional money, have your end buyer fund your purchase and get your fees from escrow... just an idea.

Do the banks have a loop hole to avoid discrimination?

This is a great place to meet fellow investors and learn different aspects of the RE business.

Ideally we would already have another house in the works at the same time of sale.I am trying to avoid renting an apt until another house is finalized.

So, if you want to avoid losing the property, you should prepare to eventually refinance it.From some of those discussions, plus ones I've had locally with people doing these transactions, the most common way the lender finds out is the insurance.

How are you on BOCA, OSHA, Environmental Engineering, Marketing, Planning & Zoning aspects, obtaing zoning variances, politics in the area, working with utilities and thier engineers, financing projects......I could go on....Point is, you won't get this out of a few books, universities offer degree programs and new grads still are only prepared to assist an established developer.Best thing is to work with one and learn.Many developers were GCs before they started, probably started with a small number of lots and built in phases or got an existing area and built to suit.

If you could avoid or deal with these challenges, you can invest in Tax Liens and Deeds with a peace of mind.

This saves time and reduces the aspect of tenants asking for extras when they know there is competition for your unit.

If they dont want to use you then well there is always the aspect that there are other doctors and dentists that might be better suited to take care of your teeth and body. why should they get your business and you not get theres?