The benefits do not outweigh the risks to me.If they sue you and go to court the money you gained will be wiped out in court costs and then some along with a bunch of time wasted.Also you will have a hard time proving the items belong to the tenant.They could have a loan on them,be borrowed from a friend,or other people staying there not on the lease could say it belongs to them.This happens in judgements too.You get a judgement and before garnishment you have the defendant fill out an interogattory questionaire from the court.Do you think people are going to list a 2,000 tv when they know you are after it??

If there is a Realtor, the deposit goes to the listing broker in escrow and forwarded on the date of settlement with certified funds usually carried by the listing agent if they even show up.I'm no techie, but I have not heard of providing funds on line as it would certainly open the door to making such deposit with a credit card and thereby, part of the down payment would then be from borrowed funds which can make financing more difficult.

There should already be something recorded (a deed of some sort) for the change in ownership from the foreclosed borrower to the lender shortly after the foreclosure.

To stop you from calling for no reason.

I was playing with the "app" definition - I call it an optional, one-stop service that helps you accomplish a task faster, cheaper, or more effeciently (for a small monthly fee).

For the 2nd purchase I convinced my father to let me "borrow" his excellent DTI, by obtaining the loan together.

I hope to get some experience soon so I can stop asking all questions, and start answering them for other investors on here.

I will borrow the money then use all of the rental cash flow to pay it down.

I think I would stop the application of sweat equity at that point.

Further, I distrust the verity of OO status from many of these applicants, wary that perhaps investors are "borrowing borrowers" to procure mortgage money on otherwise-untouchable leveraged purchases.