“Competitive advantage” is closely tied to local market knowledge.Research, investigate, and visit several markets.Pick one or two and then become experts in the chosen markets.That’s how one can gain an edge.

We can talk through this in more detail, but paint will NOT cut it. 

If it helps, sometimes looking at the house as a 3-5 year stepping stone instead of a forever home can cut out some of those "dream home" emotions. 

Court ordered appraisals are characterized by no underwriter questioning everything, no Realtors calling them idiots if they don't hit value, no appraisal management company taking a middle-man cut of the appraisal fee and shopping around for fastest/cheapest report.

An investor who acts more quickly than a bank can easily cut that timeline by 1/3 to 1/2.Once you have enough experience and data, you can use your actual timelines by state to put into your model.

In my case, the difference between the FHA and conv. loan would have been ~7%, which at my 1.1 M price point is almost 100K that I would have tied up in equity.

The portfolio manager might have rather cut their losses (specially on a ch 13 which pays crap) add servicing fees, them paying for insurance, taxes and atty fees is bleeding his cashflow.

Just another financing mechanisms for companies to lessen real estate capital tied up to be able to spend on their basic business.  

I just wanna cut my losses not ($2,233 already paid for flood insurance, surveys, and elevation certificate) and walk away from the loan. 

Question: I've seen conflicting opinions on whether or not you should accept unlimited applications and application fees at one time or if you should cut it off at 3-5 and process those before accepting any new ones.