Before discovering financial independence (FIRE) and REI, we planned on renting indefinitely.

Hey Daniel,I came across your post and thought I could share something that I have recently discovered in my search for the same experience.

If you think you will go FHA, Conventional, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Hi - this is a forum I just discovered.

Don't tell them our secret.

@John Dunham you are in a unique situation to have discovered the great world of Real Estate Investing in college!

I rented the property for approximately a year before discovering issues with the foundation.

@Christine MwaiI understand the importance of due diligence before hand, and there are online places where you can run title for $150 and I am not sure the reliability of those online title reports.....BUT that seems to be all you can do in term of homework.....What if title issues are discovered during the close process AFTER payment was already paid at the auction?

I discovered a company called SoFi (social finance).

I applied for a home equity loan through Discover Home Loans and it was denied due to their appraisal finding the home vacant.