Hello, I'm looking to start investing in oregon and am aiming to do my first brrr in the next couple months and would love to connect and maybe get some contacts for contractors and hard money lenders that can help me on my journey.

Some of the properties went into foreclosure and some properties were given back to the lenders with Deed in Lieu. 

I've been in mortgage and real estate profession in California since 98.

Your mortgage company dictates your insurance requirements.  

But that is only one way of making money on rental properties, you still have appreciation, depreciation, mortgage paydown, etc.  

The only issue now is what Raymond mentions above...most lenders require reserves of 3-6mo for approval on their investment loans.

In short though you're going to need a purchase agreement and could even use the standard real estate contract, and some people use a warranty deed.seller financing is when you don't have to give the seller some or all of the cash at closing, and then you don't have to get a mortgage (or as large of a mortgage) and you're able to make payments to the seller.

PM me and I can email you a laundry list of exactly what we lenders require when doing a bridge loan for a real estate investor.

The value of the condo went up (that's good), but the rental situation in Sarasota went down.Long story short, I can hardly make the mortgage with the forecasted rental income for a midterm.

They were paid off in addition to the homeowner, and I pay the mortgage (PITI).