I bough my first rental (duplex, non-owner occupied) 2 years ago and would appreciate feedback on my replacement reserve amount, and thoughts on needing flood insurance in a non-flood plane.

Hi my mame is Jaroslav and i am first time loan buyer.I have purchased a non performing loan  for $2500 with UPB $60000 and house value $79000 in Ilinois Chicago and my Ofer  been accepted.Whats my biggest concern is the area where the house is.

That may not be the local guy, so don't be afraid to use someone non-local.

Generate a list of non-owner occupied and absentee owners within a 10 mile radius of the zip code I am looking to invest in using ListSource.com.2.)

The consensus from non-real estate folks is that 1/1s are bad investments; so I want to hear from Real real estate folks.  

Michael Wentzel what I'm saying is any non-portfolio lender who sells to FNMA and underwrites without overlays can do your next 5 loans right now without having to wait.

The numbers make sense only in very non-desirable areas.

Fannie and Freddie can't handle non-human owners, so that's out.

a few cities have told me that it's illigal for landlords to shut off water in order to make tenants pay rent. i am assuming that they think of it as "inhumane" to have to live without water, i dont know. maybe that's why they can never turn the water off due to non payment.gas and electric is tied to SSN and it follows your credit. cities dont have the time to track your SSN (nor do i want them to for security reasons), hire lawyers to go to court, report to agencies... the cost is too high.

Make the person pay for it and tell them it is non refundable.