A major event like a fire or flood without written agreements in place results in problems.

Got off the with owner of the property ( which happens to be out of town owner) place is a mess code violations grass pass my waste and roof got holes/ sunk in ( major water damage.I believe this house would have to be tore down.Anyone ever wholesaled property that would need to be tore down....

Junior Salters - I would consider shopping around for small local banks and talk to their commercial lending department.

Give them majority credit on the first one or two deals until you can learn the process inside and out yourself to do the future ones without help.

I am sorry, I left out the major question of whether somebody would give me a mortgage without a job currently, and while holding student loans.

If you relied on comparable recent Sales, this could be a major mistake for many, many reasons.-- Have you personally and thoroughly inspected each property and then made a detailed list of all the repairs and improvements you feel is necessary.-- Have you put numbers to the costs, delays, and holding costs?

Gotta correct Josh... the vast majority of laminate floors do not use adhesive, and are not waterproof at all.

I know a major factor is that roof and finding out how extensive that damage is.

Check the state laws and with your local health department.

I recently ran into an issue with the building department where they wanted the entire unit (basement) brought up to code just to approve removing a 5' row of kitchen cabinets.