That is, LTV is not a comprehensive metric and is irrelevant in the context of flips, especially if you’re looking at it as a measure of safety.Other than a profit, the key for you as the lender is to understand how you can get out of the property if the deal goes south.

I can't blame it because of security/authorization reasons.

Full Authority permits the sale of real property without going to court based on IAEA (Independent Administration of Estates Act) Full Authority permits the sale of real property without going to court, requiring only the noticing of heirs or beneficiaries and a 15 day opportunity for them to object.

The "MERs has no authority" theory has no legal merit, it does in fact have the rights that are transferred with the instrument.

The hosuing authority usually has a bulletin board, put up the info and make sure they are giving out your name.Knock off some rent for your tenants who find you a quaified tenant, they'll do it looking for their neighbors.Call the building regs office, see about properties recently red tagged, that can be grounds to break a lease and fish for those tenants.

My system can save you too, I include a comprehensive approach to healing that begins with learning how to use the search function, using key words and how to engage others who do things right, not just popular.

Here's what you need to keep in mind regarding permits: if you pull even one permit, the county inspector will have the authority to question (and make you bring up to code) anything in the house.

It all depends on the tenant base as mentioned.The bad credit ones will wait and see if you pay the money to file eviction and will not care about the notice you give them.Make sure in your lease you have language that states the security deposit CANNOT be applied to last months or any months rent.If you do not have that in there you can be in trouble.Sometimes if the tenant is a good tenant that falls behind the landlord will let them apply the security deposit to catch up that one month if it makes sense.You need to get an written agreement in writing though signed by the tenant authorizing this.With college degree highly educated tenants the job is more stable,they have reserves for bumps in the road,etc.This is not always the case but works in your favor with percentages.With lower income the education tends to be less,they work 2 jobs to pay the rent,the rely on multiple incomes in the house hold to pay the rent,charity assistance,government programs,etc.The cash is more but you are almost a social worker and the drama that comes with it can be too much to deal with at times.

So I plan to bring this to future action and actually file a complain through the housing authorities, they say once I file a complain, the manager have no choice but to investigate and do a follow up to them.

I think I could argue it is not as the penalty in most cases is from the state license authority and is a penalty against the originator.