@Tobie Palmer for residential properties (1-4 units) ARV will be calculated via comparables.

How does it compare to a traditional FHA203K loan?

Just this month we closed on a second comparable condo, with 20% down to avoid mortgage insurance.Here's my big question:Should we now pay our future savings toward paying down the remaining 80% asap, or should I continue on toward a third condo with another 20% down, immediately renting it out and covering the mortgage payment, so on so forth... 

Very little appreciation in the area compare to other parts but yes cash flow is pretty good and if Casino is build Im sure it will have a positive impact but what if plans dont go forward would it still be a good deal??

YUP when it was legal to do these in Or and WA It was my main business model.. we still bought at court house steps but only after we failed to get the owner to deed to us and let us buy sub too..Now this comes with risk.1. usually not enough time for title company escrow so you buying without insurance.2. old owner may squat even though they say they wont.3. bank can call the loan all over again but you have plenty of time to sell before that would happen.4. you miss something with your do it yourself title search.what you need is an Authorization by the owner signed with their SSI so you can contact the Trustee service that is holding the sale and the bank .. to get accurate payoff numbers.. then you simply get a cashiers check or wire to the trustee or service and reinstate the loan at the same time U prep a deed from the owner to you.. 

Since I paid cash initially, this cashout is very large compared to partial down-payment investments.

Lastly you can compare the condition.

Hi Everyone, Still new to Jacksonville area and have 2 properties I'm currently working on.  I see one block to the left prices are 100K lower then one block to the right.  Would like to work with a real estate agent ...

View report*This link comes directly from our calculators, based on information input by the member who posted.Has anyone had experience with leases subsidized by housing authority?

They already gave you their social security number, birth date, income, kids' names, criminal background check authorization, etc... and they think a quick head-poke inside the front door is intrusive?