Derek, It can be done for sure, in fact, some people specialize in rehabbing in similar areas.

I outsource these types of deals to other SS investors in my area who want to work them in exchange for a percentage of the profits.There are 3 "gurus" who specialize in this niche and if you do some research on google you should be able to locate their courses.

If you don't have a solid past behind you, be prepared to fund 25% of the purchase and all of the rehab the first time or two.Bird Dogging requires some cash for advertising (though not nearly as much capital as above) and a lot more time.

Its possible the particular HML you're talking to specializes in lending to self directed IRAs.

The setup fee should go almost all to an attorney to draft the operating agreement that is specialized for SDIRA LLCs.

That being said, I always carefully review every HUD prepared for our short sales, and often find errors.

When commercial multifamily is being sold to presumably sophisticated investors, brokers prepare pro-formas, as we all know.

Maybe the eviction part qualifies for a special program that I don't know about and will change things, but most likely she is going to be getting a check for a full year of payments at once.

If its a BofA HAFA, dont go HAFA unless youre prepared to spend the next year waiting it out.

Some are more difficult - maintenance in particular and especially special assessments from an HOA.