Recent financial changes are still up in the air really as states implement approaches to compliance and define the intent of the the SAFE Act and related financial laws.

Christopher Brescia, the on-time credit is handled as followsIf I want 650, the lease states 700 with verbiage defining the on-time credit.

There are also ways to protect your tenants with Interim Control as defined by the EPA.

I did speak with another contractor who thinks we can try and approach the problem in pieces and see if the county will sign off on each component as we go (HVAC, plumbing, electrical, roof, engineering, etc) but again I'm worried about the individual pieces adding up to a total near $60k.Foundation $15kRoof $5-10kEngineering $4kPlumbing/Electrical $10kHVAC ?

Your concept of purchasing a non-performing loan as being predatory is not true although it is refreshing that you are not a blood sucking vulture :) There are varying lots of borrowers that are defined in non-performing some desire to work out the loan, some just want to walk away and some are undecided.

In court, you will be defined as a mortgage lender or a broker and not either of the terms you mentioned.So I'd suggest you use "mortgage lender" or "mortgage broker" which is better understood by the public, in the financial arena and legal circles.

Michael it sounds like you don't know the area well enough and bought into a marginal deal.As a wholesaler buyers aren't looking for good deals.They want GREAT deals.To obtain the highest price you need to expose the property to the most amount of buyers (flippers,long term hold local investors,out of state or country investors,home buyers etc.)Each set of buyers will have a certain value in mind they are willing to pay for what they are trying to do.It doesn't mean what they are trying to do and pay is market value it just means for their strategy they have to get it at x price.This is where you need to define who your target audience is going to be with a particular property.

CCIM introductory course on line has many components that will apply to SFR investing as well as commercial real estate.

Different accountants will define "reasonable" differently.

Butthe other issue you're going to run into is that the two key components - ACoil and Condenser (I'm no A/C expert so my terminology may be off) - are going to be tough to find replacements for if one of them goes bad.