Remember, each state establishes it's own reg and exemptions.In the end, I guesss your best bet would be to seek legal advise before pursuing PL for funding your deals.

mr landlord, my name is brandon and I may have some undervalued properties that would be of interest to you as income generating rental properties.....

People I have given advise to on the internet!

Due to the presence of a junior lien, it isn't likely the bank would accept a DIL.Perhaps the owner/mortgagor misspoke.The Bankruptcy Trustee might consider allowing the sale of the property, but be advised it is the Trustee's job to realize maximum proceeds to satisfy the creditors.

The cost numbers are generated by the state and is updated monthly in the program, as the costs of materials change frequently.

Craigslist is free and depending where you are, generates fair response.

Could you please advise me what I can do in my situation?

note that i'm not advising you either way and if anyone does, always always always double and triple check what anyone says with your CPA and/or real estate attorney...keep in touch.

mainly the point being that positive cash flow is a very slow way to building wealth through REI.Basically the concept is that if you have a property that is generating... lets say 500 dollars a month, after all expenses.

But what I advise my investors to do is go ahead and submit the offer, and request the agent hold it until the bank is willing to look at it.