And most lenders sell their loans to Fannie Mae, or want to have the option to sell them to Fannie Mae.A private money lender seems to be the best solution for this problem.Note that a government loan (must be a primary residence) would settle for a 3year waiting period (after the Deed to the home went into the bank's name..)

Banks don't tell customers about the requirements for reports nor will they tell you the cash amount as being their policy, but they can report any amount.

@J ScottOutside of Philly & Pgh are most of PA the transfer tax is 2% and is divided, by custom between the buyer and seller, with the notable exception of REOs, HUDs etc where the buyer pays the entire 2%.

Toward the end of your comments you said something that is really the biggest problem for investors out there, especially on boards like this - there is no uniform definition or business set-up for turnkey companies.For us, our entire business cycle is built on customer experience and relationship.

Always offer them some type of solution...You're the problem solver!

They essentially had to start over, if I remember correctly.In Ct, we rebuilt a small porch for a customer.

I think you have a large base of potential clients and customers, both on the buy and sell side.

The whole first year was spent waiting for "customers" to arrive...thankfully none ever did.

The problem with this is that months down the road, when I'm ready to move forward, I'll forget which colleague it was that offered XYZ service and have no way of finding them again without some work.If I could tag general members with custom tags (ex: "wholesaler", "turnkey, illinois", "property manager, chicago") - that'd help me in the future keep members I'm interested in organized and accessible for future reference.

If you have the chance to show that you are an intelligent solution creator only then will you find success.