A good resale value note will be well seasoned (over a year of on time payments), interest rate of 7-9%+, balloon is a plus, in short foreclosure or highly desirable state, good equity in the house, and created by a licensed Residential Mortgage Loan Originator.If note is poorly created, mortgagor can walk away with a free house that mortgagee cannot even foreclose on due to possible broken laws or poor paperwork.

Hard money lending is more for short term financing because the interest rates are much higher like 12%

Our lease allows us to enter the property for periodic inspections with notice but she’s been uncooperative since the Notice to Quit and we don’t want to give her any reason to blame the eviction on us.

Otherwise, the short term fix up and flip or holding period for the expected run up on that Stock, doesn't occur and you are now Stuck with a Buy and Hold Rental or Stock, for a longer period when you can at least break even with your, now, Investment.

If you're only going to live in the area a short time, be aware that buy and sell will come with RE agent fees which might make it cheaper to rent in the short term.  

If it makes you feel any better, 40% over that time period is actually a really bad rate of return, provided you bought cash.

I am new to investing as well and have learned a great deal in a short time thanks to bigger pockets and all the tools they offer.

The bank fees for a purchase transaction are 1% of the loan amount (1.5% if it is a cash out that is owned greater than 6 months) plus $695 in processing/underwriting fees.The interest rates for a non-recourse loan are as follows:-4.875% for a 5/1 ARM amortized over 20-25 years-5.375% for a 10/1 ARM amortized over 20-25 years-5.0% for a 10 year fixed loan that is amortized over a 10 year period-5.375% for a 15 year fixed loan that is amortized over a 15 year period-5.75% for a 20 year fixed loan that is amortized over a 20 year period-Special quotes may be given for multi-family property 3+ units, rural property, and high rise condominium units

I am about to start the process of shopping for conventional loan rates and getting pre-approved, but am concerned if I shop too much within a short time period it will adversely affect my credit score.Does every loan inquiry during the shopping process negatively affect your credit or is there a "grace" period after the first inquiry?

Does anyone know if in Maryland, for the auctions that happen on the county courthouse steps, have the foreclosure deeds on each property already been executed or is there typically still a waiting period to have this done?