I am doing this because my parents are in retirement and I want to take care of them.In other words from January to June, I collect rent from my renter.

A bank is in the business of lending money and collecting savings from people with surplus cash.They are not in the business of brokering real estate.

Ive talked to several investors that have invested in Baltimore city and they have told me too stay far away from it because they cannot get there houses sold, having problems collecting rent from tenants because they use there money(if they even have any) on drugs, and other usless stuff.

It will give you a whole collection of ideas when dealing with lease/options.3.

You as the lender on the sale collect monthly payments from the borrower.

Mike-OH would say that you should plan on spending 40% to 50% of what you collect on running costs.

Even more interesting is a birddog will generally be operating illegally if they collect a fee for a successful deal that they brokered.

Even if you are buying a tax lien and you realize that it is only a TLC there could be a TLC from a prior year that is in front of you or one that is behind you in priority.Do Your Own Research (DYOR) and then consider what the rise is you missed something.I head from a RE attorney of a case where the savvy, experienced investor checked the title personally but did not realize that the state can attach after the sale back taxes that the state paid to the county for the prior owner (over 65 and you can not pay your property taxes as the state will do it for you and then collect when you sell).

A quick comment on the application fee.I would post something to the property management forum so that you can collect feedback on what is best to do.

yeah. well she was already in the nursing home and a realtor was selling it. house was free and clear and the state would collect any money made on the sale.