I am a first time home buyer in a partnership where I am taking a conventional loan to purchase the property, and my partner is contributing half the value of the property in cash to pay the downpayment, closing costs, and rehab.

REO's are ordering multiple BPO's and CMA's, and in many cases they are getting rehab bids and even doing the rehabs & selling on the retail market. 

Im looking to try the Buy Rehab Rent Refinance and Repeat method for my next couple of projects.

If you'd like to go over this point-by-point as a buy-and-hold repair scenario for the experience, send me a PM with the address so I can check out the listing in Zillow and we'll do it as an exercise.

Use it to fund the purchase and/or rehab of a property and then refinance to pull that money out to pay off the short term debt (HELOC). 

Rehab the property and when you sell, she will get her 50k.

Still learning as we are rehabbing 16 unit.

It basically asked their name, address, landlord, employer, phone numbers and most importantly....the most recent electric or gas bill. 

You have to type up a letter (with specific instructions followed) and send it to  IRS Attn: Technical Services Group Manager  Addressed to the IRS office in which the lien was filed. 

But more than 50% of the time the tenants I inherit from buying a run down building that I need to rehab and turnaround, it is easier to work peacefully to get them out.