Could be a lot of money in those trees (especially the hardwood species in the Northeast). 

Recently I found another good deal - wanted to take out the full $50k as a downpayment (which I'd pay back quickly with bank financing) however was unable to do so and would have only been able to take out $20k until 12 mos had passed since the loan balance returned to 0.Hope that makes sense and maybe gives someone a little insight into how this works.Lots will say not to do it -- I did and it worked great for the short term.  

What if a foreign national on a work visa wants to rent from you and he's unable to pass a credit check or criminal background?

This has gone from an extremely user friendly forum to almost being unable to navigate it all now.

Not to mention what would your plan B be if you are unable to refi out of the HML ... if you are in it for 70 cents on the dollar, no problem, plan B is to sell at profit.

Many of the tiles will be unable to produce power as they will not be oriented correctly by definition, which would be the same as buying solar panels that weren't producing - unnecessary cost.

What is happening is these idiots are paying too much, and just now figured out they are un able to sell thier"FLIPS" and losing not only the FLIP but thier own damn house that they robbed the equity out of to make the purchase.

Since the crash, Chicago has a glut of condos with the stainless steel and fancy finishings, and with investors and developers unable to sell, they've decided to rent.

However, we are unable to bring it to the Investor Network at this time because it does not meet the certain GLA requirements including (but not necessarily limited to):- You stated OBO re your contract price - legal agreements have a fixed price.

You could end up with a vacant house in a crime invested area and unable to attract decent tenants.