Just trying to make a point that you could invest wisely in the area.You can fix it up even more and do something like this: ( in full disclosure, a property of mine 'til Thursday).http://www.redfin.com/GA/Decatur/1406-Sandy-Ln-30032/home/23898519Note the appreciation in the area as the foreclosures have been waning.

They also had lead paint disclosure ,pet agreement forms , 72 hour notice and many more.

It is possible if the lender is given full disclosure regarding the nature of the transaction and understands it is a purchase and resale with a double escrow is involved.

PRO: You may deduct home equity debt interest, as an itemized deduction, if all the following conditions apply: You are legally liable to pay the interest You pay the interest in the tax year The debt is secured with your home The home equity debt is limited to the fair market value of the home reduced by home acquisition debt, up to a total of $100,000.Disclosure- i am not a CPA.CON: ?

That way all appropriate loan disclosures can be accounted for and documented along with note and deed of trust.Will also makes some excellent points about the use of an escrow company and not giving you the funds directly.

You'll want to make sure you cover your bases with disclosures that clarify exactly what you are doing.We add the following language in a sub to addendum:The closing transation will take place as a "Subject to Transaction", meaning the seller agrees to leave existing financing and other potential liens in place for buyer.

For a long time I had heard about people mentioning that there are more risks involved being an investor with a license because of disclosure.

Do you have a RMLO your disclosures for you.. .or do you just go to title company and make the loan..

Apparently disclosure is the biggest issue.  

(Full disclosure, I have excellent credit, with ‘fair’ amount of cash reserves).