The "implied warranty of habitability" is not going to impose crazy requirements on you, it just means that your place can't be really, really nasty and lack basic amenities.

Many brokers have gone correspondent because of this, which will allow them not to disclose origination, and therefore still charge more.A correspondent lender basically has a line of credit from a direct lender, it uses it to fund the loan, and them it sells the loan to the direct lender.Make sense?

Spreads on short sale flips are basically gone, and homes w/ equity that are in foreclosure are a rarity these days.I've had a lot of luck using the Non Owner-Occupied and Free & Clear leads.

An investor would rather avoid the vacancy and basic rehab costs that come with it.

To me it's a massive headache.

This is probably a very basic question, but I have no shame when it comes to learning here in BP: I'm about to do a cash out refi on one property (#1) I own free and clear in order to use that cash as a down payment for a new property (#2).If I can eventually sell property #1, am I able to 1031 the cap gains into the loan on the new loan for property #2?

It is basically sheetrock but designed for sound abatement.

With that being said, to make a competitive offer, you basically have to leave yourself no outs on the contract.

The tenants don't have any formal lease and are basically month to month.

I personally find these to be incredibly helpful from a learning perspective and tremendously motivating to get out there and make something happen.If this sounds interesting, leave some basic info below about your deal and I'll send you a PM to follow up.