My guess is real estate people frown on these because of the problems involved, and when you run into trouble, blame them for selling you the property.

@Tania GhoseiIf you get involved in auction buys going after occupied foreclosures looking for the big score, you have to have deep pockets for contingencies like these.Your plan to get the eviction AND subsequent renovation AND showing AND closing done in a whirlwind two months with or without an attorney in a city like DC isn't particularly realistic.But this is how I would try: show up at the door and offer cash for keys.

If I were you I would certainly have a well qualified real estate / securities attorney involved in the venture.

With so many parties involved in a real estate transaction, the waiting is the hardest part.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Hi there,I closed on my sixth buy and hold rental recently, and had my first Open House for it this past weekend. Today, I received  multiple calls from the next door neighbor, and he is insisting on having a say in t...

Get involved in forum and pick the brains of those who are doing exactly what you want to do.

@Joel N.I feel it is great thing if you do not want to get involved with the entire real sales process, find an agent that is great pass him/her your possible retail and/or commercial leads and get a referral check.

@Gene Bonham please send me info on heights property

JDCU in northern MA May lend on something like that but their rates are 5.5% right now (I just got a loan from them for a less involved project).