Wind insuranceGood - US territory so can get a mortgage. 

Lender and Realtor out of St Pete.

I disclosed to my lender that the Wholesaler was making 5k so then it made me look like I was lying to my lender when the HUD clearly showed the Wholesaler was making 15 KI recently had another transaction where a Wholesaler renegotiated a lower price after the fact.I’m assuming that where the wholesalers have that ability to make that extra is that they are naming the price that the buyer is willing to pay and not necessarily naming the dollar amount that they are assigning their contract for so this gives them the leeway to keep trying to get a lower price from the original seller, even after the fact of going through the motions of transferring their rights to the property to a new buyer.

I heard that in Texas, after a mortgage foreclosure auction, when unsold properties go back to the banks, they wait 10 days before hiring realtors to sell them in MLS or via another auction.

@Nate T.There is no affordable software to handle both, for your loans I would recommend using a third party servicer especially if they are owner occupied since not sending statements etc is a fdcpa violation and end of year 1098’s are a painA company called mortgage office has some software but expect to pay a few grand per year.

Our lender offers nothing.

An appraisal would have costed $400 and if you need a name ask a lender.

If the buyer got a loan from a traditional lender to get to the 75k number, would that automatically put me in a second position on my seller financed note?

Since we are hard money lenders most of our loan requests come from commercial mortgage brokers.  

Hey Tanner,Welcome in, its a good idea to build your team as you get started and then being ready to pull the trigger when the right deal comes along.Our firm helps to track down unconventional financing for clients through various hard money/DSCR lenders.