In a perfect world my virgin purchase would be a duplex-quad, one unit of which I will live in until I can secure my second deal.  

., I'm going to tag @Linda Weygant here because she regularly deals with HOAs. 

When I did so, she told me I was supposed to have scheduled the walk-through and when I told her I didn't have time that day to do so, she told me it wasn't required, I could just leave the keys (and parking passes and laundry card) and a forwarding address to send me the security deposit refund.

I use it to find people to shoot pictures of my property regularly.

The funds to secure the loan are in MY name only. 

@Sean Cole  its regional for sure.. the ones I had in MS and AL  feed us the deals.. but lots of deals there ... its funny as we talk about this.. some parts of the country there are still plenty of deals others its very tight the deal ship has sailed and its basically pre 07 market.. one size does not fit all.in Oregon we have little to no OREO inventory anymore all those agents that specialized in it are out of business and back to doing regular real estate.. the foreclosures at court house that were 20 to 50 a week are down to 3 or 4.. with MASSIVE competition.. it all cycles that's for sure.. but I bet you can still roll into certain big cities and buy hang over inventory..

The GP is responsible for securing the debt.

All states differ but I would think you keep the security in light of them not paying in the first place.

I don't see how this could possibly work for a one off investor If there is any equity at all the regulars are going to beat you up.. if I was of a mind to do this is would be looking at the surrounding counties that the big boys don't cover. 

They give off all the right "good tenant" vibes but I realize I don't know how to do a background check on people who don't have a US social security number.Any tips?