However, my bet is that ten to fifteen years from now these may very well turn into high-density section-8 tenements.

Although according to the contract it is the seller's responsibility to ensure salable title, you as the investor are responsible for seeing that the deal gets done, so the process of ensuring clear title is something that you want to take charge of.

Keep in mind, this doesn't prevent you from being charged, it's only a legal defense as to why you were carrying a gun.

I'll bet all five of these houses are sucking several hundred apiece out of your pocket.

The bank - that owns the house is ready to give me the loan without CO but if I will be late for closing then they will charge me 100/day!...

Now its up over $310K with the missed payments, late charges, and legal fees.

You're losing money every day you hold it because of the monthly loss.What you're betting on is appreciation.

Your best bet is just start putting in offers and see what happens.

You can just forget doing an assignment at all, unless your buyer is using Hard Money or Cashola.If you are doing a double closing, FHA will not work at all, as they require at least 90 if not 180 days title seasoning depending on a few factors. if you are trying to pull off a double closing, the best bet is to get a cool title company, a transactional funding lender, and a Fannie Mae qualified buyer.

(Makes me feel claustrophobic just thinking about it :badwords: )I'm betting the septic system is going to cost a bundle with all the new regulations around here...