I assumed cost of $5,000 to obtain loan. 

Pete T, I'm guessing you are referencing my original post.

Karyn T.  

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An attorney who files a quiet title action generally will obtain a title search and guaranty for the litigation from a title company. 

I do not figure in my time because all work is done by contractors.Rehab usually takes 2 to 6 weeks and the rest of the time is to find a buyer, for buyer to obtain loan and to close.Bill

@Brad T. 

Below is what I currently own, not alot but plugging along:- 6 rentals (23 units) total about $11,539 out of pocket to obtain ownership - 1 flip currenlty I am working on (zero out of pocket, closed on the home and the portfolio lender loaned me 10k at closing, they based the loan amount on ARV..so since I bought at a good price I had no out of pocket expenses...pretty cool. ) Paid 53k...ARV is 100k..so they loaned me 63k at closing. - 1 Personal residence...actually got a check for $900 at closing.

Find a realtor familiar with your type of property, the type of deal, etc.If I were to obtain your list of criteria, I would look ON the market first to see what we could find.

A little more manual intervention involved for Bank of America, but they do have a free mechanism to download transaction activity to Quicken.I also have banking relationships with BB&T, Pentagon Federal Credit Union, Palmetto Heritage Bank, First Citizens Bank and TD Bank.