Be mindful of title seasoning issues specific to the lender you work with; a majority of conventional lenders require 12 months, but there are a handful of cos. that offer <12 months/< 6 months/no title seasoning to address this component of your plan.

it matters what type of business in you're in, what business entity will be most effective for you (taxes) and which will provide you with the greatest protections (assets).having said that - don't get caught up in all the craziness of the ultimate buzz word in rei - "asset protection".a business has to have a plan.

Usury is actually factored on the effective interest rate, otherwise known as the annual percentage rate or APR.

Leases run with the property, so IF they had a one year lease in effect now, they could stay until the end of it.

It was something to the effect that I could refinance them at about a 7% rate on a 20 year note, pull out out about $125K in equity, and my payment would still be the same.

You can search by address and find out a lot of information.As EZLoanz pointed out, to do more research on liens, original note amount, and chain of title, you can do some research at the county courthouse.

I normally write their answers on the back of the business card that they usually just gave me.I usually finish it up with something to the effect of "I run across a lot of property, if I find something that you might be intereseted in I'll give you a call."

Ask for specifics, addresses, etc.

So I thought since I got such a great response from my absentee mailer experiment (66% on 50 letters) I would try mailing people about buying via wholesaling.I went through the assesors website and just searched "LLC" and "INC" under owner name, and kept all the addresses in my contacts of people holding two or more SFHs or duplexes.

I need to stay as agile as possible, I’m not sure when this transition will take effect, but I do know it will be shortly. (2-3 months)1.)