In the lat example, the lender restricts future encumbrances (financial liens) to manage costs as a ceiling and provides a reasonable avenue for contingency requirements, it's not a small project with the only motivation of restricting the borrower is to take the property back.

I ran across a property that is For Sale By Owner.  Got one of the info papers on it and for the asking price it states to make an offer.  With that said... I called the owner to go over things with him.  Come to find...

Has anyone ever had any success or experience in using public records to find absentee owners, tax delinquent owners who would be more motivated aka financial problems.  

From the photos, I have a hard time believing the renovation work would run more than $50k, but even if it ran much higher, the mortgage would not be an issue for us.I welcome feedback from anyone familiar with this sort of thing, as I do not know whether this is feasible.Thank you.

How about other methods to finding motivated sellers?

Thats about $340 in costs per unit per month give or take... am I wrong to think that is nuts and it has to be some sort of capital expenditure.

This is sort of a twist on "cash for keys."

Hi @Lalaine @Lalaine GarsulaWelcome to BP and thank you for sharing your motivation for entering real estate.  

So I pulled the trigger last Friday and got my first deal under contract and know I am working to wholesale right now.I am determined and motivated and I am not scared to make mistakes.

Now, I know that I would have to find a motivated seller in order to get seller financing for a house but has anyone had success with seller financing or just anyone here successful with real estate who started with nothing?