I can care or less what escrow agents must use for their audits as that does not involve r affect me.I may be confused on some of your terminologies, however, as far as going to escrow without a PA, that is not so uncommon as you portray it, at least in the states I have done biz and that includes states other than CA.In an effort to be more versed in proper terminologies (we had this discussion in another thread and I agree 100% that tibia beneficial for all to know and use the proper terms), perhaps you can help me and all others by defining some of the terms you use such as "source document" which could mean anything.

There are a lot of them with loan-mill companies that care more about the volume than the service.

Tread carefully.

If I ran across a $200k house that was a steal, I would never consider that for rental, but I would for a flip, same with a house with a pool, I have one house with a pool and have great tenants that take care of it, if they ever move I will probable sell itIt also has a great deal to do with time, if you are working full time and investing in RE, flips take a lot of time, rentals not so much.

Careful with Phillip Dwyers advice.

My other housemate showed me the bathroom and the problem tenant dyes his hair and the dye has stained the toilet and floor!

I will do my best to explain this scenario related to the purchase, rehab, and refinance of a property I am pursuing.Purchasers A, B, and C are partnering to purchase and rehab a duplex (purchase price and rehab not to exceed $90,000 with e rehabilitation loan)Application breezed past initial underwriting as all partners have above 750 credit, stable income, low debt to income, etc.

It seems to depend on how well the owners took care of the property.

Tread carefully, I suppose.Thanks much -Mike

Busted pipes could run you $150-$1000 (full replacement) if you're not careful.