The grandparents meant well!

The more fluid you let your criteria be the easier it will be to find something. 

It is meant for short term fix/flips..not long term financing.

The REO was horribly neglected, sitting vacant at least since 2013 or longer ... which meant it needs a lot of work, $150K worth of work to be exact.

Seeing that your profession is titled as a "lender" I am not sure if you meant you were going to work for a bank or meant you wanted to get a real estate license here.

I thought you meant there are extra requirements if we just create an extra parcel without going through a subdivision to separate this land from the house.Thanks again for your suggestion!

If you don't know the numbers, I meant.

Although you didn't mention duplexes in your first post, let's just assume I read your mind and knew that's what you meant.

@Charles S.The 50 % Rule States: That 50% of gross scheduled income (GSI) goes out over time to cover expenses not including debt coverage.The 1%, 2% and the 50% rule is meant to act as a quick analysis tool, to insure the deal is actually deal.

No idea what MD requires under usury laws, so that's what I meant, to check specifically on equity funded loans. :)